Expert RA

Expert RA
Joint-stock company
Industry Financial services
Founded 1997
Headquarters Moscow, Russia
Website raexpert.ru

Expert RA (RAEX) (Russian: Эксперт РА) is the largest credit rating agency in Russia.[1] It is based in Moscow,[2] and led by chairman and CEO Dmitry Grishankov.[3]

The agency's main shareholders include Oleg Mukhamedshin and Igor Makarov (with a 30% stake), Dimitri Grishankov (26%), with other stakes held by Ingosstrakh and Peresvet Bank.[4]

Expert RA managed to establish itself as Russia's largest domestic credit rating provider, ahead of local rivals such as ACRA, which is seen as too tough in issuing ratings to companies. The agency's leadership credits the ability to hear the argument of their clients as factor behind their success.[5]

Activities

The agency issued its first sovereign debt ratings in 2013, giving Russia a higher rating than the United States, after complaints from the Russian government that ratings issued by US-based agencies were not fair.[6] Ratings assigned by the company include an A++ (the highest possible rating) for Ingosstrakh,[7] VTB Bank,[8] and Gazprombank.[9]

Expert RA also assigned an A++ rating to Peresvet Bank in December 2015, indicating the highest level of solvency.[10] On 19 October 2016 Expert RA confirmed an A+ rating for the bank, indicating a "very high level of creditworthiness", and a stable outlook.[11] On 21 October Peresvet Bank defaulted on its debt and began bankruptcy proceedings.[12]

Expert RA also publishes a Regional Investment Attractiveness Rating of Russian regions, showing their investment risks and potential, though according to researchers in the Russian Journal of Economics the methodology for the rating is not published in detail.[13]

See also

References

  1. ↑ "RAEX (Expert RA)". Gaidar Forum (in Russian). Retrieved 9 April 2017.
  2. ↑ "Chinese Rating Agency Dagong Mulls Establishment of Russian Subsidiary". Sputnik News. Archived from the original on 9 April 2017. Retrieved 9 April 2017.
  3. ↑ "RAEX (Expert RA) an international rating agency with a 19-year history supports «InRussia-2016» as an analytical partner". inrussia.pro. Retrieved 9 April 2017.
  4. ↑ Сарычева, Мария (31 March 2017). ""Рейтинговые агентства должны влиять на рынок, даже если кто-то будет разочарован"". Газета "Коммерсантъ". p. 13. Archived from the original on 6 April 2017. Retrieved 9 April 2017.
  5. ↑ "Putin's Truthteller Turns Pariah as Banks Cringe at Ratings". Bloomberg. 6 April 2017. Archived from the original on 9 April 2017. Retrieved 9 April 2017.
  6. ↑ "First Locally Generated Rating Ups Russia, Downs U.S." Moscow Times. Archived from the original on 10 April 2017. Retrieved 9 April 2017.
  7. ↑ "Business". Deripaska.
  8. ↑ "Expert RA assigned "A++" rating to VTB". VTB. Retrieved 9 April 2017.
  9. ↑ "RAEX affirms rating of Gazprombank". AKM. Archived from the original on 9 April 2017. Retrieved 9 April 2017.
  10. ↑ "Expert RA Russian rating agency affirms PERESVET's rating at A++". Bank Peresvet. Retrieved 9 April 2017.
  11. ↑ "Компании: АКБ «ПЕРЕСВЕТ»". Raexpert.ru. Archived from the original on 2017-07-03.
  12. ↑ "Offices of Peresvet bank in Moscow and St. Petersburg closed". Russia Beyond The Headlines. 21 October 2016. Retrieved 9 April 2017.
  13. ↑ Baranov, Alexey; Malkov, Egor; Polishchuk, Leonid; Rochlitz, Michael; Syunyaev, Georgiy (1 June 2015). "How (not) to measure Russian regional institutions". Russian Journal of Economics. 1 (2): 154–181. doi:10.1016/j.ruje.2015.11.005.
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