The International Non-Profit Credit Rating Agency (INCRA for short) was a project to reform the assessment of states' creditworthiness.
In addition to traditional macroeconomic factors, such as gross domestic product, debt levels, export strength, and price trends, forward-looking indicators were also taken into account concerning the socio-economic and political development of states, such as the government's crisis management, the implementation of reforms or investments in education.
The scientific methodology of the Bertelsmann Transformation Index (BTI) and the Sustainable Governance Indicators (SGI) served as a basis for this.
The presentation of INCRA in 2012 received wide media coverage, including the Financial Times Deutschland, Handelsblatt, and Die Welt.
[16] In a pilot project of the Bertelsmann Foundation North America, the so-called INCRA Country Ratings, the creditworthiness of Germany,[17] France,[18] Italy, Japan, and Brazil was first assessed.