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From Wikipedia, the free encyclopedia

Expert RA
Company typeJoint-stock company
IndustryCredit Rating Agency
Founded1997
Headquarters,
Russia
Key people
Marina Chekurova - CEO/Chairman of the Board

Expert RA is Russia's oldest credit rating agency and also the largest one in terms of both customers and headcount. Expert RA has been assigning credit ratings for 20 years. Expert RA is on the list of authorized rating institutions, meaning that its credit ratings are applicable for regulatory purposes to banks, insurers, pension funds, and debt issuers.

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Transcription

History

  • 1998 - Expert RA creates its Analytics & Communications Business line[1]
  • 2010 - Expert RA accredited by Russia's Ministry of Finance[2]
  • 2016 - Central Bank of Russia has included Expert RA in the list of accredited credit agencies[3]
  • 2017 - Change of the rating scale, 19 gradations introduce in the rating system[4]
  • 2018 - Expert RA signs a strategic partnership memorandum with China Chengxin Credit Rating Group (CCXI).[5]
  • 2019 - Establishing Expert Business-Solutions, a company intended to support non-rating analytical products.[6][7]
  • 2020 - International Capital Markets Association (ICMA) has included Expert RA in the list of independent verifiers of green and social bonds.[8]
  • 2021 Expert RA assigned ESG ratings (sustainability ratings) to the first six Russian companies.[9][10][11]
  • 2022 Marina Chekurova headed this agency as CEO and chairman of the board.[12] Expert RA launched the Expert Pages project, a service for corporations with an extensive database of Russian business companies.[13]

Main activities

Credit Ratings

Expert RA office entrance, Moscow

Expert RA has more than 700 credit ratings outstanding, including 449 issuer and 334 issue credit ratings (as of January 1, 2022).[14] 

The agency assigns credit ratings to regions and municipalities.[15]

Communications & Analytics

Expert RA addresses key national issues in cooperation with government agencies, public associations, and regional authorities.

Surveys

Expert RA publishes over 50 research papers and analytical reports on insurance, banking, asset management, leasing, factoring, auditing, consulting and other industries annually[1] as well rankings.[16]

Business Events

Every year, Expert RA holds events such as forums, conferences, and round tables.

Rating Scale

Expert RA National Rating Scale for the Russian Federation Effective from 10 April 2017[4]

Category Level Definition
AAA ruAAA The rating object is characterised by the maximum level of creditworthiness/financial reliability/financial strength. The highest level of creditworthiness/financial reliability/financial strength according to the national scale for the Russian Federation, in the Agency's opinion.
AA ruAA+ High level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, being only slightly lower than the level of the rating objects in the ruAAA rating category.
ruAA
ruAA-
A ruA+ Moderately high level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation; however, some sensitivity to adverse changes of economic situation is observed.
ruA
ruA-
BBB ruBBB+ Moderate level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, while the observed sensitivity to adverse changes of economic situation is higher than that of the rating objects in the ruA rating category.
ruBBB
ruBBB-
BB ruBB+ Moderately low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. High sensitivity to adverse changes of economic situation is observed.
ruBB
ruBB-
B ruB+ Low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. The ability to fulfil financial obligations in full and in a timely manner is currently maintained, while the safety margin is limited. The ability to fulfil obligations is sensitive to an economic downturn.
ruB
ruB-
CCC ruCCC Very low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. It is considerably likely that the rating object fails to fulfil its financial obligations in the short term.
CC ruCC Very low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. It is increasingly likely that the rating object fails to fulfil its financial obligations in the short term.
C ruC Very low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. It is very likely that the rating object fails to fulfil its financial obligations in the short term. It is highly unlikely that financial obligations will be fulfilled in a timely manner.
RD ruRD The rating object is under supervision of the governmental regulatory agencies which can determine priority of the obligations. However, the Agency has not recorded a default yet.
D ruD The rating object is in default.

Rating methodologies

Expert RA has 18 active credit rating methodologies, of which 12 are recognized by the regulator [17] as fully complying with Law 222-FZ and suitable for regulatory purposes.

Recognized for regulatory purposes

  • Bank Credit Rating Methodology[18]
  • Credit Rating Methodology for Debt Instruments[19]
  • Credit Rating Methodology for Local & Regional Governments[20]
  • Credit Rating Methodology for Non-Financial Companies[21]
  • Insurer Financial Strength Rating Methodology[22]
  • Holding Companies Credit Rating Methodology[23]
  • Credit Rating Methodology for Project Finance Companies[24]
  • Credit Rating Methodology for Leasing Companies[25]
  • Credit Rating Methodology for Microfinance Companies[26]
  • Life Insurer Financial Strength Rating Methodology [27]
  • Credit Rating Methodology for Financial Companies[28]
  • Financial Strength Rating Methodology for Regional Guarantee Organizations [29]

See also

References

  1. ^ a b "Исследования". raexpert.ru. Retrieved 2018-12-19.
  2. ^ .""Эксперт РА", присвоившее более 300 публичных контактных рейтингов, вошло в список аккредитованных при Минфине рейтинговых агентств". raexpert.ru. Retrieved 2018-12-19.
  3. ^ "Кредитные рейтинговые агентства | Банк России". www.cbr.ru. Retrieved 2018-12-19.
  4. ^ a b "Шкала". raexpert.ru. Retrieved 2018-12-19.
  5. ^ ""Эксперт РА" и China Chengxin International Credit Rating объявили о начале партнерства". raexpert.ru. Retrieved 2018-12-19.
  6. ^ ""Эксперт РА" сообщает о начале операционной деятельности компании "Эксперт Бизнес-Решения"".
  7. ^ "Expert Business-Solutions official site".
  8. ^ ICMA // The external reviewers listed below have contributed to, and confirmed that they will voluntarily align with the Guidelines consistent with any regulatory obligations
  9. ^ Рейтинг ESG [Rating ESG] (in Russian). Expert RA. 2022-11-09. Retrieved 2022-11-15.
  10. ^ "Expert RA awarded the ICD a rating in the field of sustainable development at the level of ESG-II". AK&M. 2021-11-25. Retrieved 2022-11-15.
  11. ^ "Expert RA has assigned MKB sustainable development rating at ESG-II". Credit Bank of Moscow. 2021-11-25. Retrieved 2022-11-15.
  12. ^ ""Эксперт РА" объявляет о смене генерального директора". «Эксперт РА» (in Russian). 2022-02-02.
  13. ^ «Эксперт РА» объявляет о запуске нового информационного сервиса Expert Pages ["Expert RA" announces the launch of a new information service Expert Pages] (press-release) (in Russian). Эксперт РА. 2022-10-18. Retrieved 2022-11-15.
  14. ^ «Эксперт РА» – крупнейшее рейтинговое агентство c более чем 25-летней историей [Expert RA is the largest rating agency with over 25 years of history] (in Russian). Эксперт РА. 2022.
  15. ^ "Рейтинги кредитоспособности региона (муниципалитета)". Expert RA. Retrieved 2018-12-19.
  16. ^ "Expert RA Rankings". raexpert.ru. Retrieved 2018-12-19.
  17. ^ "Методология "Эксперт РА" по присвоению рейтингов кредитоспособности финансовым компаниям получила одобрение Банка России". raexpert.ru. Retrieved 2018-12-19.
  18. ^ "Bank of Russia" (PDF).
  19. ^ "Bank of Russia" (PDF).
  20. ^ "Bank of Russia" (PDF).
  21. ^ "Bank of Russia" (PDF).
  22. ^ "Bank of Russia" (PDF).
  23. ^ "Bank of Russia" (PDF).
  24. ^ "Bank of Russia" (PDF).
  25. ^ "Bank of Russia" (PDF).
  26. ^ "Bank of Russia" (PDF).
  27. ^ "Bank of Russia" (PDF).
  28. ^ "Bank of Russia" (PDF).
  29. ^ "Bank of Russia" (PDF).
This page was last edited on 24 February 2024, at 05:52
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