The Bank of Russia has defined criteria for foreign credit rating agencies

14:14; 10 February 2025 year

The Bank of Russia has defined criteria for foreign credit rating agencies (CRA) so that their ratings can be used in regulatory acts and documents of the regulator. The recognition of the ratings of these agencies will expand opportunities for the free movement of capital and services in the international financial market, as reported in the Telegram channel of the Bank of Russia.

To receive approval from the Russian regulator, CRA must meet 19 criteria. These include: at least 5 years of work experience, capital of at least 50 million rubles in ruble equivalent, as well as the availability of a methodology that includes quantitative and qualitative assessments of creditworthiness, which allows you to verify the reliability of ratings, including on the basis of historical data.

In addition, rating agencies should follow the principles of corporate governance, comply with information disclosure conditions, and avoid conflicts of interest.

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