Date Country Rating Dynamics Outlook Date Press Release Rating on ERP*
JSC CB Assotsiatsiya Russian Federation
BB-
Confirmed Stable 26.04.2018 Download PDF Link
JSC RUSNARBANK Russian Federation
B+
Confirmed Stable 25.05.2018 Download PDF Link
Bank Saderat Tashkent Uzbekistan
B
Confirmed Stable 01.08.2018 Download PDF Link

 

*European Rating Platform established by the European Securities and Markets Authority to provide access to free, up-to-date information on credit ratings and rating outlooks

Rating-Agentur Expert RA GmbH conducts precise qualitative and quantitative research on banking industries across the CIS region. We periodically publish reports on sector outlooks, systemic risks, regulatory environment and policy changes. Through our research we put in practice the knowledge acquired by RAEX Group, supported with our credit rating experience and passion about analytics.

Internal compliance documents of Rating-Agentur Expert RA GmbH:

Date Report Document
07.05.2018 Research Report on the Armenian Banking System - May 2018 Download PDF
06.09.2017 Research Report on the Russian Banking System - September 2017 Download PDF
28.11.2016 Research Report on the Russian Banking System - November 2016 Download PDF
26.08.2016 Research Report on the Russian Banking System - August 2016 Download PDF

Methodology of assigning Credit Ratings to Banks

The Methodology presented is a Full public version - Version 5 (valid version) as of September 2018

The Methodology for assigning Banking Sector Risk score - Full version - Version 4 (valid version) as of August 2017

Credit rating of a bank represents opinion of Rating-Agentur Expert RA GmbH on the ability of the bank to fulfill its financial liabilities fully and in timely manner. Sovereign risk adjustment is performed on the basis of sovereign ratings degree of rated bank's business exposure to risks.

 

Archive

Version 4 - Short public version as of August 2017

Version 3 - Short public version as of December 2016​

Version 2 - Short public version as of August 2016​

Version 1 - Short public version as of April 2015​

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.

 

1 For this methodology, contingent liabilities are the new liabilities arising during the rating validity period.