Credit rating is the shortest profound and comprehensible profitability assessment of a given entity from viewpoint of its creditors. It gives an objective external opinion for the ability of a given debtor to serve his financial debts in a timely manner.
In order to elaborate a credit report and assign a credit rating, BCRA uses official information from the rated entity, its own database and public information sources - the Financial Supervision Commission, NSI, Bulgarian National Bank.
It is prepared upon request by the interested party, usually for a firm – present or potential borrower or a commercial partner. The credit report facilitates also the choice of a firm suitable for capital or strategic investment. The credit report contains information and an opinion on the creditworthiness of a particular firm. Two versions of the credit report are offered – a standard credit report and a brief credit report.