On 24 April 2025 "BCRA - Credit Rating Agency” AD published information about raising and confirming the ratings assigned to BACB, as follows:

• Raising the Long-term rating at BB+, change of outlook from “Positive” to “Stable” and confirming the short-term rating at B;
• Confirming the national-scale long-term rating at BBB+ (BG), confirming of outlook at “Stable” and confirming the national-scale short-term rating at A-2 (BG);

Financial strength rating	Primary Rating July 27, 2016	Updated Rating 22 April 2024	Updated Rating 24 April 2025
Long-term rating	В	BB+	BB+
Outlook	Stable	Stable	Stable
Short-term rating	В	B	B
National-scale long-term rating	В+ (BG)	BBB+(BG)	BBB+ (BG)
Outlook	Stable	Stable	Stable
National-scale short-term rating	В (BG)	A-2 (BG)	A-2 (BG)

In the process of assigning the ratings BCRA uses the methodology which is officially adopted for assigning bank financial strength ratings. 

According to the published text, during the period under review, Bulgarian-American Credit Bank continued to achieve strong financial results, with further improvements in some profitability indicators and the Bank's favorable positioning relative to the average values for the system and the reference groups of banks. A slight deterioration in asset quality was reported, related to an increase in the volume of non-performing loans in the portfolio, which remained at relatively high levels compared to the system and with a lower level of coverage by impairment provisions. Capital positions continued to improve, with capital adequacy ratios rising further (to levels slightly above the system average and well above the minimum requirements), while liquidity was reduced to pre-planned levels (also remaining well above the minimum requirements).

The following factors may have a positive impact on the rating of Bulgarian-American Credit Bank the resumption of the process of improving the quality of the portfolio and reaching the average standards for the banking system in the country the stabilization of high levels of operating and financial results, with the maintenance of a favorable position in terms of profitability indicators, and the maintenance of stable levels of capital adequacy and liquidity.

Negative factors affecting the assigned rating could include a deterioration in the quality of the loan portfolio, a significant decline in capital adequacy and liquidity ratios, a deterioration in the quality of investments, and a contraction in operating and/or financial results.

 The complete text of the report is available on the “BCRA-Credit Rating Agency” AD web site.