Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
The regulator has determined criteria, which a foreign credit rating agency (CRA) must comply with so that its ratings can be used in regulatory acts and other documents of the Bank of Russia. Recognition of foreign ratings will expand opportunities for the free movement of capital and services in the international financial market.
In order to receive approval from the Russian regulator, a foreign CRA must have at least 5 years of experience in the market and a capital of at least 50 million in ruble equivalent. Its methodology contains quantitative and qualitative assessments of creditworthiness, makes it possible to verify the reliability of credit ratings, including on the basis of historical data. Such an agency also adheres to the principles of corporate governance, complies with the conditions for disclosure of information and does not allow conflicts of interest. In total, the Bank of Russia has defined 19 criteria.
Ratings of foreign CRAs that meet these criteria may be used by the Bank of Russia in regulation only in relation to foreign objects rated on an international scale.
Preview photo: Kirill Neiezhmakov / Shutterstock / Fotodom
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
HTTPS: //vv. KBR.ru/Press/Event/? ID = 23359