BULGARIAN CREDIT RATING AGENCY


Please login to view more information

RATINGTICKER
Source Issuer Rating
AA_DE Generali Deutsc.. A
AA_DE RheinLand Versi.. A+
AA_DE ALTE OLDENBURGE.. A++
AA_DE Rhion Versicher.. A+
AA_DE Barmenia Kranke.. A+
NEWS
RP - 2020-10-27
OECD updates country risk classification for 3 countries

RP - 2020-08-21
The Indian Rating market

RP - 2020-06-29
OECD updates country risk classification

under rp_research

Overview

Name:
Bulgarian Credit Rating Agency
Abbreviation:
BCRA
Country of Residence:
Bulgaria
Webpage:
Languages spoken:
Bulgarian, English

Bulgarian Credit Rating Agency (BCRA) is based in Bulgaria and assigns on an issuer-pays basis ratings to Municipalities, insurance companies and banks in Bulgaria and in Poland.

Registered as CRA in the EU:
Yes
Certified as CRA in the EU:
No
ECAI Status:
European Union

Registration status in the EU: BCRA is registered as CRA with ESMA since April 6th, 2011.

Since 1. January 2014, BCRA is also a recognized ECAI across the whole European Union.

On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:

 

Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs.

BCRA is considered a small Credit rating agency for the purpose of Article 8d of CRAIII. 

Market Segments Covered:
Financial Institutions, Insurances, Sovereign and Public Finance
Countries Covered:
Bulgaria, Poland
Business Model:
Issuer-pays

Business model: BCRA operates under the “issuer-pays” model, where the rated entity pays for the rating.

Coverage: While BCRA used to cover exclusively issuers in Bulgaria, BCRA has entered the Polish market in 2013. Segments covered are Banks, insurances, and Municipalities.

Availability of ratings and reports at website: a list of rated entities is available here: http://www.bcra-bg.com/ratings.php?ratings=1. Rating reports are usually available.