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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13th of July 2018

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

Press release Kyrgyzstan 13.07.2018
Research report Kyrgyzstan 13.07.2018

12th of July 2018

Rating-Agentur Expert RA GmbH and the Association of Belarusian Banks have organized the round-table "The use and regulation of credit ratings in the European Union" in Minsk on the 11th of July 2018.

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6th of July 2018

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

Press release Russia 06.07.2018
Research report Russia 06.07.2018

6th of July 2018

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

Press release Kazakhstan 06.07.2018
Research report Kazakhstan 06.07.2018

5th of July 2018

Public consultation on changes in the Methodology for assigning credit ratings to regions has been completed on the 5th of July 2018.

Public consultation on the Methodology of assigning credit ratings to regions

27th of June 2018

The European Securities and Markets Authority (ESMA) has published the responses received to its Consultation on Draft Guidelines on “as stringent as” notion in the CRA Regulation, including the response from Rating-Agentur Expert RA GmbH.

Official ESMA public statement

7th of June 2018

Rating-Agentur Expert RA GmbH has published its first Central and Eastern Europe insurance industry research covering Hungary, Czech Republic, Slovakia, Slovenia, Latvia, Estonia, Lithuania, Poland and Belarus.   

Research Report on the Insurance Industry of CEE countries - June 2018

 

 

5th of June 2018

Rating-Agentur Expert RA GmbH has launched a public consultation on changes in the Methodology of assigning credit ratings to regions from the 5th of June 2018 till the 5th of July 2018.

Public consultation on the Methodology of assigning credit ratings to regions