Banks

List of rating classes

Credit rating assigned by Rating-Agentur Expert RA GmbH is defined on the basis of allocating the bank to one of 11 rating classes according to the international scale.

AAA - Highest level of creditworthiness

In the short-run the bank will ensure timely fulfillment of all its financial liabilities, both current and contingent¹, with exceptionally high probability. In the mid-run there is significant probability that the liabilities will be fulfilled even in case of significant unfavorable changes in the macroeconomic and market indicators.

AA - Very high level of creditworthiness

In the short-run the bank will ensure timely fulfillment of all its financial liabilities, both current and contingent, with high probability. In the mid-run there is significant probability that the liabilities will be fulfilled if the macroeconomic and market indicators remain stable.

A - High level of creditworthiness

In the short-run the bank will ensure timely fulfillment of all its financial liabilities, both current and contingent, with high probability. In the mid-run the probability of fulfilling the liabilities requiring significant payments depends greatly on the stability of the macroeconomic and market indicators.

ВBB - Moderately high level of creditworthiness

In the short-run the bank will ensure timely fulfillment of all its current financial liabilities, as well as small and medium-sized contingent liabilities with high probability. Probability of financial difficulties in case of incurred contingent liabilities requiring significant lump-sum payments is considered as moderately low. In the mid-run the probability of fulfilling the liabilities depends on the stability of the macroeconomic and market indicators.

ВB - Sufficient level of creditworthiness

In the short-run the bank will ensure timely fulfillment of all its current financial liabilities, as well as small- and medium-sized contingent liabilities with high probability. Probability of financial difficulties in case of incurred contingent liabilities requiring significant lump-sum payments is considered as moderate. In the mid-run the probability of fulfilling the liabilities depends on the stability of the macroeconomic and market indicators.

В - Moderately low level of creditworthiness

In the short-run the bank will ensure timely fulfillment of almost all of its current financial liabilities with high probability. Probability of not fulfilling incurred contingent liabilities requiring large payments is moderately high. In the mid-run the probability of fulfilling the liabilities depends on the stability of the macroeconomic and market indicators.

СCC - Low level of creditworthiness

The bank is ensuring timely fulfillment of its current financial liabilities, however, in the short-run, the probability of not fulfilling contingent financial liabilities is very high. In the mid-run the probability of not fulfilling the liabilities is very high in case of negative changes in the macroeconomic and market indicators.

СC - Very low level of creditworthiness (close to default)

The bank is ensuring timely fulfillment of current financial liabilities, however, in the short-run, the probability of not fulfilling contingent financial liabilities is very high.

С - Lowest level of creditworthiness (partial default)

The bank is not ensuring timely fulfillment of some financial liabilities.

D - Default (Bankruptcy)

The banks is not ensuring fulfillment of almost all its financial liabilities / The bank is going through the bankruptcy procedure.

E - License revocation or liquidation

The bank is going through the liquidation procedure or the bank’s license was revoked.

One of the above rating levels that can be assigned to the bank, excluding AAA and ratings below CCC, may be supplemented with (+) or (-) sign depending on the value of the rating score.