International Non-Profit Credit Rating Agency

INCRA (International Non-Profit Credit Rating Agency ) is an in planning stage rating agency. It is based on the concept of an international network of offices in Europe, the U.S., Latin America and Asia. The Foundation since December 2011 working on this project.

The non-profit rating agency INCRA is to be financed by a fund in the amount of 400 million dollars ( 306 million euros ), will be borne from the distributions running costs. Participate can because governments, businesses, foundations and private individuals. In the pilot experiment, the countries Germany, France, Italy, Japan and Brazil were evaluated. The ARD lunch magazine reported on November 20, 2012, the Bertelsmann Foundation would now let's discuss the INCRA model of the G20 countries, the output is open.

Background

So far, the three largest commercial rating agencies Standard & Poor 's, Moody's and Fitch dominate with 95 percent of the world market. Throw critics before them, and by " questionable assessments of the creditworthiness of states to have contributed significantly to the recent financial crisis. " The INCRA is to be built as an independent counterweight to economic and political stability. For their country analysis, the experts have developed a model with multiple indicators. Are taken into account classical macro-economic factors such as gross domestic product and debt. However, forward-looking indicators such as crisis management, implementation of reforms and investments have played an important role.

The Agency shall be strictly limited to country ratings and evaluations of international organizations.