Bank of Russia publishes comparative table of rating scales of Russian rating agencies included in the register of credit rating agencies.
|
Number of downgrades |
Description based on rating categories of rating scales |
National rating scale for the Russian Federation |
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|
Credit Analytical Rating Agency (JSC) |
JSC Expert RA |
National Credit Ratings LLC |
National Rating Agency LLC |
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|
0 |
Highest / maximum level of solvency / financial reliability / financial stability |
AAA (RU) |
ruAAA |
AAA.ru |
+ AAA | ru | |
|
1 |
High level of solvency / financial reliability / financial stability (from moderately high to high) |
AA + (), AA (RU) |
ruAA +, ruAA |
AA + .ru, AA.ru |
AA + | ru |, AA | ru | |
|
2 |
AA- (RU), A + (RU) |
ruAA-, ruA + |
AA-.ru, A + .ru |
AA- | ru |, A + | ru | |
|
|
3 |
(RU), A- (RU) |
ruA, ruA- |
A.ru, A-.ru |
A | ru |, A- | ru | |
|
|
4 |
Average level of solvency / financial reliability / financial stability (from moderately low to medium) |
BBB + (RU), BBB (RU) |
ruBBB +, ruBBB |
BBB + .ru, BBB.ru |
BBB + | ru |, BBB | ru | |
|
5 |
BBB- (RU), BB + (RU) |
ruBBB-, ruBB + |
BBB-.ru, BB + .ru |
BBB- | ru |, BB + | ru | |
|
|
6 |
Low level of solvency / financial reliability / financial stability (from pre-default to moderately low) |
BB (RU) |
ruBB |
BB.ru |
+ BB | ru | |
|
seven |
BB- (RU) or lower |
BB-.ru or lower |
BB-.ru or lower |
BB- | ru | or lower |
As rating agencies currently lack sufficient historical data on defaults, comparison of credit ratings is possible based on the defined rating categories of Russian rating scales of rating agencies, and also on the basis of the practice of assigning credit ratings to individuals or bonds by Russian Credit Rating Agencies.
Credit rating represents the opinion of a credit rating agency on the ability of a rated entity to meet its financial obligations and assess the level of credit risk of the issuer in general or for its individual obligations. At the same time, a credit rating cannot and should not be the only way to assess credit risk. However, while there is no possibility to independently analyze the creditworthiness of a borrower or an issuer, a credit rating is an impartial judgment that can help the investor or lender make a decision.
The comparison of rating scales of Russian credit agencies allows you to compare rated entities that have ratings from different credit rating agencies.
Reference to the press service is mandatory if you intend to use this material.
Warning
Central Bank of the Russian Federation published this content on December 30, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 31, 2021 12:26:02 AM UTC.
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