National Rating Agency Has Developed A New Rating Of Creditworthiness Of Russian Issuers Whose Bonds Are Traded On The MICEX Stock Exchange

National Rating Agency (NRA) has completed the procedure of assigning its credit ratings to issuers whose bonds are entered into A1, A2, B and C quotation lists of the MICEX Stock Exchange.

NRA’s methodology of assigning credit ratings enables to assess the credit quality of bonds and the solvency of borrowers. Bonds are rated on the basis of a considerable number of quantitative and qualitative parameters.

According to K.Korishchenko, Chairman of the Board of the MICEX and Deputy Chairman of the bank of Russia, “this project will enable to further develop the Russian financial market and create a modern system of assessment of the quality of traded assets. It will also help to build the mechanism of refinancing credit institutions’ operations.”

The credit rating for issuers will be published on the MICEX’s web site as additional information for participants in the securities market.

At present, credit ratings for enterprises is published on NRA’s web site: http://www.ra-national.ru.