The Central Bank of Russia published an update on the 2024 results for the domestic credit rating agency (CRA) market, highlighting measures introduced to make rating information more transparent and easier to use by market participants. The Bank reported that CRAs currently apply 70 rating methodologies and have assigned 2,434 credit ratings to date. In 2024, it published a comparison table of national rating scales to support counterparty risk assessment and investor decision-making, and it established a repository showing all rating activities of Russian CRAs since they were entered into the regulator’s register. Further information is set out in the Review of the Russian Rating Services Market.
Central Bank of Russia 2025-04-11
Central Bank of Russia reports 2024 credit rating market results and adds tools to improve transparency
The Central Bank of Russia released an update on the 2024 domestic credit rating agency market, emphasizing enhanced transparency and usability of rating information. The update includes a comparison table of national rating scales and a repository of all rating activities by Russian CRAs.