Coming into force of changes to the Methodology for assigning credit rating to municipalities

Date created: 13-Dec-2018

On 14 November 2018, expired the one-month period for public consultations on the changes in the Methodology for assigning credit rating to municipalities. During the consultation period, comments haven’t been received. The proposed changes come into force on 14 December 2018.

The main changes in the methodology for assigning of credit rating to municipality are the following:

  • an update regarding adopted changes in the legal framework concerning the assessment of the financial status of the local authorities,
  • the adoption of additional indicators for assessing the debt and financial profile of the evaluated municipalities,
  • and introduction of current financial indicators, suitable for comparative analysis of the municipalities.

The updated methodology is available here:
https://www.bcra-bg.com/files/Municipality_Methodology_2018_en.pdf