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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21st of September 2017

Rating-Agentur Expert RA GmbH is inviting the audience to participate in the event on the 5th of October 2017 in Frankfurt am Main devoted to the discussion of export and investment potential of the Chuvash Region, Russian Federation.

Invitation to the event

18th of September 2017

Rating-Agentur Expert RA GmbH has introduced Environmental Social Governance (ESG) rating as a new service provided by the Agency and has become a signatory of the ESG in Credit Rating Statement maintained by UNPRI.

About ESG ratings

 

15th of September 2017

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

Press release Germany 15.09.2017
Research report Germany 15.09.2017

6th of September 2017

Rating-Agentur Expert RA GmbH has published the annual Russian banking sector research report.

5th of September 2017

Rating-Agentur Expert RA GmbH has launched a public consultation on changes in the Methodology for assigning credit ratings to regions from the 5th of September 2017 till the 5th of October 2017.

Public consultation on the Methodology for assigning credit ratings to regions

28th of August 2017

The European Securities and Markets Authority (ESMA) has published the responses to its consultation on Credit Rating Agencies Endorsement Guidelines, including the response from Rating-Agentur Expert RA GmbH.

Official ESMA public statement

21st of August 2017

Public consultation on changes in the Methodology of assigning credit ratings to banks has been completed on the 19th of August 2017. No comments were provided.

Public consultation on the Methodology of assigning credit ratings to banks

2nd of August 2017

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

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