The caretaker government of Bulgaria has been effective in strengthening alternative gas supply routes through Greece and Turkiye, as well as alternative natural gas supplies, most notably from Azerbaijan, Moody's Investors Service said.
The absence of a stable governing coalition in Bulgaria, for most of the period from April 2021 to now, has increased the risks associated with the implementation of key policies for the country and could also complicate the ability of the government to react in the presence of unforeseen events.
The rating agency would raise the credit rating in the presence of an improvement in the long-term growth prospects resulting from improvements in the infrastructure and institutional environment, as well as the country's accession to the Eurozone.
Moody's noted that they would lower the rating if the country's strong budget position, prospects for long-term economic growth, as well as failure to complete the process of joining the Eurozone, were to deteriorate permanently.
https://report.az/en/energy/moody-s-bulgaria-strengthens-gas-supply-from-azerbaijan/