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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23rd of May 2018

Rating-Agentur Expert RA GmbH has assigned ESG rating to the Lipetsk Region.

ESG Report Lipetsk Region 23.05.2018 

18th of May 2018

Rating-Agentur Expert RA GmbH confirmed credit ratings of Chuvash Republic and withdrew them.

Press_release_Chuvash_Republic_18.05.2018
Research_report_Chuvash_Republic_18.05.2018

18th of May 2018

The European Commission has published on the 25th of April 2018 in the Official Journal the amending Implementing Regulations 2018/633 and 2018/634 with the view to allocate the credit assessment of the five newly registered credit rating agencies including Rating-Agentur Expert RA GmbH.

Commission Implementing Regulation 2018/633
Commisiion implemeting Regulation 2018/634

17th of May 2018

Public consultation on changes in the Methodology for assigning sovereign government credit ratings and country credit environment ratings has been completed on the 17th of May 2018.

Public consultation on the Methodology of assigning sovereign government credit ratings and country credit environment ratings

 

15th of May 2018

Rating-Agentur Expert RA GmbH has upgraded the insurance reliability rating of Balcia Insurance SE.

11th of May 2018

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

Press release USA 11.05.2018

Research report USA 11.05.2018

11th of May 2018

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

Press Release China 11.05.2018
Research Report China 11.05.2018

7th of May 2018

Rating-Agentur Expert RA GmbH and AmRating jointly published Armenian banking industry research report, where the sector’s key risks and developments were presented.
Research Report on the Armenian Banking System.