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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12th of January 2018

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

Press release Kazakhstan 12.01.2018
Research report Kazakhstan 12.01.2018

12th of January 2018

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

Press release Russia 12.01.2018
Research report Russia 12.01.2018

4th of January 2018

Rating-Agentur Expert RA GmbH has launched a public consultation on changes in the Methodology for assigning reliability ratings to insurance companies from the 4th of January 2018 till the 4th of February 2018.

Public consultation on the Methodology for assigning reliability ratings to insurance companies

8th of December 2017

The Joint Commitee of the three European Supervisory Authorities published on 7 December 2017 the amended Implementing Technical Standards (ITS) on the mapping of credit assessments of ECAI credit risk. The amendments reflect the recognition of five new credit rating agencies including Rating-Agentur Expert RA GmbH.

Press release

Draft Implementing Technical Standards

1st of December 2017

Public consultation on changes in the Methodology for assigning corporate credit ratings has been completed on the 1st of December 2017. No comments were provided.

Public consultation on the Methodology for assigning corporate credit ratings

24th of November 2017

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

Press_release_Chuvash_Republic_24.11.2017
Research_report_Chuvash_Republic_24.11.2017

24th of November 2017

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

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24th of November 2017

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

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