PostHeaderIcon (AFX UK Focus) 2010-04-21 11:05 UPDATE 1-Bulgaria upgrade possible despite deficit-Moody’s


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Rising public debt threatens world financial system: IMF
The economic crisis could be entering a “new phase” with rising public debt threatening to undermine the stability of the global financial system, the International Monetary Fund warned Tuesday.

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(AFX UK Focus) 2010-04-21 11:05 UPDATE 1-Bulgaria upgrade possible despite deficit-Moody’s
SOFIA, April 21 (Reuters) – Moody’s said on Wednesday a ratings upgrade for the Bulgarian government was possible in the next 12 months to 18 months, even though Sofia recently announced its 2009 fiscal gap was bigger than expected due to a hidden deficit. A ratings upgrade, however, was conditional upon fiscal consolidation to stabilise the government’s debt burden, as well as the re-emergence …

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