In the summer of 2005 NCRA announced the start of its activities in Bulgaria. NCRA provides credit rating services to companies, municipalities and financial institutions in Bulgaria.
Since the beginning of 2006 NCRA is the Bulgarian affiliate of Moody’s Investors Service, the leading global credit rating agency. NCRA’s affiliation with Moody’s will provide NCRA analysts with access to Moody’s globally recognised credit rating methodologies, allowing NCRA to benefit from Moody’s more than 100 years experience in the assessment of credit risk. Our analysts are trained in the methodologies and best practices of Moody’s.
By working together with Moody’s, NCRA will be in a better position to assist in the capital allocation process within the Bulgarian financial markets, both for domestic ratings issued by NCRA and global scale ratings issued by Moody’s.