Improved outlook from stable to positive

The rating agency Standard and Poor’s revised and upgraded today Bulbank from stable to positive outlook. The rating of the Bank is confirmed at BBB - / A-3, equal to the sovereign rating of Bulgaria, as a result Bulbank remains the best rated institution in the country.

S&P explained that the improved outlook of Bulbank reflects the positive economic trends in the Bulgarian economy and the continuing integration of the Bank with its parent, UniCredito Italiano SpA.

According to the analysts of the rating agency, the joint work between Bulbank and Unicredito will further reinforce the franchise, financial performance, and credit quality of the Bank.