Keywords: Rating - IOSCO- Cultural heritage; Public Finance
The article deals with the relationship between the rating and the cultural heritage. Reference is made to the relation of the Procura della Corte dei Conti Lazio with which it raised the problem of the lack of consideration of cultural heritage in the judgments of the Italian public debt rating. The relationship between the rating agencies and the courts of law in several states are considered and it is showed the lack of coordination between the supranational and national legislation. Then, it is analyzed the problem of consideration and quantification of the cultural heritage and the criticalities of the same supranational legislation. It is settled the amending the IOSCO Code of Conduct, the choice of common parameters for the quantification of the cultural heritage and the introduction of internal rules for the inclusion of it in the rating calculation.