Credit rating agencies: 2024 results
Credit rating agencies (CRAs) have developed into key institutions providing market participants with information on companies’ credit quality and financial soundness. CRAs currently use 70 rating methodologies and have assigned a total of 2,434 credit ratings so far.
In 2024, to enhance transparency of the rating industry, the Bank of Russia published a comparison table of national rating scales. The table will help companies improve the assessment of their counterparty risks and make it easier for investors to make informed decisions.
Moreover, the Bank of Russia has established a repository where one can see all rating activities of Russian CRAs since their entry into the regulator’s register.
More details are available in the Review of the Russian Rating Services Market.