Agency News / 16.02.2012
Russia’s Ministry of Finance updates official website with comparison table of credit rating scores assigned by rating agencies accredited as provided for by Russian legislation.
The table will serve the unification of credit ratings in the regulation of the financial market, the gradual reduction and eventual removal of specific credit rating levels and names of rating agencies from statutory and regulatory instruments. Application of the unified scores will ensure equal competitive positions for all officially accredited rating agencies.
The table is recommended for application by federal executive authorities and the Bank of Russia when developing new legal acts and amending existing legal acts providing for the application of credit ratings.
Protocol no. 2 of the Ministry of Finance of the Russian Federation as of 11/25/2011