BCRA awarded a BBB- credit rating to Commercial League

On February 10, 2022 the Bulgarian Credit Rating Agency (BCRA) has assigned Commercial League – Global Pharmacy Center AD a long-term credit rating of ‘BBB-‘ and a short-term rating of ‘A’ on a national scale. BCRA hereby certifies that the company maintains a sound financial position and satisfactory levels of liquidity enabling it to service its obligations in a timely manner. According to the BCRA rating scale, the rating assigned corresponds to an ‘investment-grade’ credit rating.

According to the agency’s analysis, “Commercial League is a well-established player in the local market with a long-standing (30 years) presence, a recognizable name and reputation and an extensive commercial network. The company’s market share is stable – management estimates it has maintained around 5% for the past five years. This percentage is forecast to be maintained and slightly increased, to around 6%.”