Credit rating agencies have become essential institutions that offer market participants crucial information regarding companies’ credit quality and financial stability. At present, they utilize 70 rating methodologies and have assigned a total of 2,434 credit ratings.
In 2024, with the aim of increasing transparency within the rating industry, the Bank of Russia released a comparison table of national rating scales. This tool is expected to assist companies in better assessing counterparty risks and to facilitate more informed decisions by investors.
Furthermore, the Bank of Russia has established a repository that provides visibility to all rating activities of Russian credit rating agencies since they were included in the regulator’s register.
More information is available in the Review of the Russian Rating Services Market.
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