Translation. Region: Russian Federal
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
Since October 1, credit rating agencies (CRA) will begin to revealMore information about the assigned ratings and forecasts for them is available on its website.
In particular, CRAs will describe the impact on the credit rating of the most significant factors determining the entity's ability to meet its financial obligations. It is also necessary to report whether a credit rating has been assigned a "watch" status, the basis for this, and the duration of this status. This status indicates a higher likelihood of a rating review in the near future.
An important innovation is the obligation of the CRA to disclose an assessment of a company's own (independent) creditworthiness, that is, without taking into account external factors that increase or decrease its credit rating.
All these measures will help to harmonize the CRA's practices in disclosing credit ratings and forecasts.
Preview photo: Creativa Images / Shutterstock / Fotodom
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.