Request for comments - update of the Sovereign Rating Methodology (expired)

Date created: 04-Oct-2019


BCRA invites all stakeholders to submit their comments on the exposed changes in the current document “Sovereign Rating Methodology” to e-mail: methodologycomments@bcra-bg.com until November 4th, 2019 year.

The methodology update aims to achieve greater transparency by providing clearer and more detailed information about BCRA’s analytical approach, including a rationale for the key rating criteria and additional text to clarify the qualitative considerations that are usually most important when we make risk adjustments to the individual subsections. The analysis is once again conditionally divided into four sections, however, their names and subsections have been slightly modified in order to achieve greater consistency and simplicity. These changes generally do not affect the underlying assumptions or key rating criteria of the previous methodology and because of this and based on the preliminary calculations (internal tests) the expectations are that the above-mentioned amendments will not lead to changes in the state ratings assigned by BCRA.

Along with the above-mentioned changes, some terminological clarifications and modifications are made.

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