- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Russian Credit Rating Agency to Issue First Global Ratings in 2018 - CEO

© Sputnik / Ramil Sitdikov / Go to the mediabankYekaterina Trofimova, CEO, Analytical Credit Agency, attends the 2017 St. Petersburg International Economic Forum.
Yekaterina Trofimova, CEO, Analytical Credit Agency, attends the 2017 St. Petersburg International Economic Forum. - Sputnik International
Subscribe
Russia's Analytical Credit Rating Agency plans to issue its first ever ratings of international entities next year.

MOSCOW (Sputnik) — Russia's Analytical Credit Rating Agency (ACRA) plans next year to issue its first ever ratings of international entities, which will be based on over 60 methodology criteria, ACRA’s CEO Ekaterina Trofimova said in an interview with Sputnik.

“The ACRA-approved plan for sovereign methodology is highly diversified and includes over 60 points. Currently, we are in the active phase of development. The agency plans to start releasing its first ratings on a global scale in the beginning of 2018,” Trofimova said ahead of the upcoming Eastern Economic Forum (EEF).

Trofimova explained that following the sovereign methodology's approval, work on the calibration of sectoral methodologies, which will take into account the country’s risks and risks associated with cross-border movement of funds, will begin. The conversion from one currency to another and validation of these methodologies with a sample of international companies will also follow.

The agency is currently undergoing negotiations with potential new partners in foreign states, particularly those in Asia, Trofimova added.

"We are really examining different countries to asses the possibility of working there or cooperating with local companies. Asian partners are among them," Trofimova said ahead of the Eastern Economic Forum.

The ACRA chief noted that the agency would provide information on expansion into new international markets by the end of the year.

A view shows the Standard & Poor's building in New York's financial district - Sputnik International
New US Sanctions to Have No Immediate Impact on Russia’s Sovereign Rating – S&P
The ACRA is a Moscow-based rating agency established in 2015 following the withdrawal of US rating agencies over anti-Russia sanctions.

The 2017 EEF is scheduled to take place in Russia's Far East city of Vladivostok.on September 6-7. This annual event was established in 2015 as a platform for cooperation between business and political representatives from Russia and the Asia-Pacific region. In 2016, the EEF gathered 4,600 representatives from business, scientific and other communities from 56 countries.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала