Expert RA is Russia’s oldest

credit rating agency A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agency may ra ...

and also the largest one in terms of both customers and headcount. Expert RA has been assigning credit ratings for 20 years. Expert RA is on the list of authorized rating institutions, meaning that its credit ratings are applicable for regulatory purposes to

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

insurers Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

pension fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

s, and debt issuers.

History

* 1998 - Expert RA creates its Analytics & Communications Business line * 2010 - Expert RA accredited by Russia’s Ministry of Finance * 2014 - Expert RA set up International Group RAEX holding in order to develop its business abroad. * 2016 -

Central Bank of Russia The Central Bank of the Russian Federation (CBR; ), doing business as the Bank of Russia (russian: Банк России}), is the central bank of the Russian Federation. The bank was established on July 13, 1990. The predecessor of the bank can ...

has included Expert RA in the list of accredited credit agencies * 2017 - Change of the rating scale, 19 gradations introduce in the rating system * 2018 - Expert RA signs a strategic partnership memorandum with China Chengxin Credit Rating Group (CCXI). * 2019 - Establishing Expert Business-Solutions, a company intended to support non-rating analytical products. * 2020 - International Capital Markets Association (ICMA) has included Expert RA in the list of independent verifiers of green and social bonds. * 2021 Expert RA assigned ESG ratings (sustainability ratings) to the first six Russian companies. * 2022 Marina Chekurova headed this agency as CEO and Chairman of the Board. Expert RA launched the Expert Pages project, a service for corporations with an extensive database of Russian business companies.

Main activities

Credit Ratings

Expert RA has more than 700 credit ratings outstanding, including 449 issuer and 334 issue credit ratings (as of January 1, 2022). The agency assigns credit ratings to regions and municipalities.

Communications & Analytics

Expert RA addresses key national issues in cooperation with government agencies, public associations, and regional authorities.

Surveys

Expert RA publishes over 50 research papers and analytical reports on

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

leasing A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

, factoring,

audit An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

ing,

consulting A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

and other industries annually as well rankings.

Business Events

Every year, Expert RA holds events such as forums, conferences, and round tables.

Rating Scale

Expert RA National Rating Scale for the Russian Federation Effective from 10 April 2017

Rating methodologies

Expert RA has 18 active credit rating methodologies, of which 12 are recognized by the regulator as fully complying with Law 222-FZ and suitable for regulatory purposes. Recognized for regulatory purposes * Bank Credit Rating Methodology * Credit Rating Methodology for Debt Instruments * Credit Rating Methodology for Local & Regional Governments * Credit Rating Methodology for Non-Financial Companies * Insurer Financial Strength Rating Methodology * Holding Companies Credit Rating Methodology * Credit Rating Methodology for Project Finance Companies * Credit Rating Methodology for Leasing Companies * Credit Rating Methodology for Microfinance Companies * Life Insurer Financial Strength Rating Methodology * Credit Rating Methodology for Financial Companies *Financial Strength Rating Methodology for Regional Guarantee Organizations

References

{{Authority control Credit rating agencies in Russia Companies based in Moscow