Sovereign and public finance ratings

Sovereign

With our distinctive approach to sovereign credit assessment, we assign two types of ratings: sovereign government credit ratings and country credit environment ratings. The former rating reflects Rating-Agentur Expert RA GmbH assessment on the ability of the government to fulfill in due time its financial obligations, while the latter indicates our assessment on the level of recovery of investments in government and private debt obligations in the country, as well as the quality of the credit climate.

Regions

Our analytical models were recently revamped based on our immense experience in the CIS countries to cover regions located all over the globe. We use both quantitative and qualitative methods to understand the current and potential risks.

Corporate ratings

Banks

The Agency conducts rating assessments on the basis of three main factors: market position, financial risks and corporate governance and risk management. Moreover, ratings are adjusted for systemic risk using our Banking Sector Risk (BSR) assessment from the countries where the bank operates. Our criteria considers a combination of the latest banking industry regulations in the post-crisis world and a series of factors adjusted for the entity’s peer institutions.

Insurance companies

For insurance companies, we assign reliability ratings after judging external factors of stability and corporate governance, company financial indicators, and those applying specifically to the insurance business. Furthermore, the score is adapted for overall market risks using our Insurance Sector Risk (ISR) assessment from the countries in which the insurance company writes its premiums.

Corporates

By examining three pillars of a non-financial corporation, such as, business risk, financial risk, and corporate risk, we assign a credit rating which reflects the ability of the company to completely fulfill its financial liabilities in a timely manner. We adjust this rating for systemic risk using our Country and Industry Risk (CIR) assessment where the corporation has operations. The main users of the rating are creditors, but it is also valuable to investors and counterparties of the company.

News

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16th of February 2018

Rating-Agentur Expert RA GmbH made a presentation for the German-Russian Economic Club of Düsseldorf on the 15th of February 2018.

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5th of February 2018

Public consultation on changes in the Methodology for assigning reliability ratings to insurance companies has been completed on the 4th of February 2018.

Public consultation on the Methodology for assigning reliability ratings to insurance companies

30th of January 2018

Rating-Agentur Expert RA GmbH has released a video report on the sovereign ratings review for Belarus.

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30th of January 2018

Rating-Agentur Expert RA GmbH has released a video report on the sovereign ratings review for Armenia.

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26th of January 2018

Rating-Agentur Expert RA GmbH has confirmed the Sovereign Government Creditworthiness (SGC) rating and upgraded the Country Credit Environment (CCE) rating of Belarus and prepared the Research report.

Press release Belarus 26.01.2018
Research report Belarus 26.01.2018

26th of January 2018

Rating-Agentur Expert RA GmbH has upgraded credit rating of Armenia and prepared the Research report.

Press release Armenia 26.01.2018
Research report Armenia 26.01.2018

25th of January 2018

Rating-Agentur Expert RA GmbH has released a video report on the sovereign ratings review for Kyrgyzstan.

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22nd of January 2018

Rating-Agentur Expert RA GmbH has released a video report on the sovereign ratings review for Russia.

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