Regulatory Alerts2024-09-23 | NRP-83Technical Standards for the Publication of Risk Ratings of Banks, Investment Banks, and Savings and Credit Institutions
The Central Reserve Bank of El Salvador issued Technical Standards NRP-83 to regulate the publication of risk ratings for banks, investment banks, and savings and credit institutions. The regulations mandate that rating agencies publish ratings by April 30 and require entities to include their latest ratings in financial statement notes, while also defining the scope of international rating agencies and enforcement mechanisms. These standards supersede previous regulations and entered into force on October 9, 2024, with specific modifications scheduled for October 15, 2025.
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