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GAAP.RUNewsRussian and foreign credit ratings will be unified

Russian and foreign credit ratings will be unified

But only in Russia

Publication date: 1 September 2010

Large business in Russia and the Association of Regional Banks want to compare Russian companies’ credit ratings issued by different credit rating agencies.

Large business in Russia and the Association of Regional Banks made a decision to compare Russian companies’ credit ratings issued by credit rating agencies (CRAs) – this new base will be used by the Central Bank and the Ministry of Finance.