Coming into force of changes to the Methodology for Credit Rating of Guarantee Fund

Date created: 01-Dec-2020



On 30th November 2020, expired the one-month period for public consultations on the changes in the Methodology for Credit Rating of Guarantee Fund. During the consultation period, comments haven’t been received. The proposed changes come into force on 4th December 2020.

The main changes made with this update of the Methodology are as follows:

  • Change in the method for evaluation of the effect of the sovereign risk on the rating using BCRA’s Sovereign Rating Methodology;
  • Applying a new rating scale in line with BCRA’s unified Global Rating Scale;
  • Creation of a possibility for issuance of national-scale ratings applying BCRA’s National Rating Scale.

At the moment there are no active ratings assigned by the aforementioned methodology, that due to the changes to be reviewed.

The updated methodology is available here:
https://www.bcra-bg.com/files/guarantee_fund_methodology_2020_en.pdf