Fitch Ratings no longer expects that Bulgaria will enter the eurozone at the start of next year, the international rating agency said on April 26 when affirming the country’s long-term foreign-currency issuer default rating (IDR) at BBB, with positive outlook. “Bulgaria’s ratings are supported by its strong external and public balance sheets versus ‘BBB’ peers and credible policy framework, underpinned by EU membership and a long-standing currency board. This is balanced by low labour productivity and unfavourable demographics, which weigh on potential growth and government finances over the l…