On July 8, the Bank of Russia will launch a unified database with company ratings, Izvestia writes, citing the Central Bank. Currently, investors themselves are looking for this information on the websites of four Russian agencies.
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The platform will aggregate ratings of legal entities and bonds from four Russian rating agencies (RAs). These are the Analytical Credit Rating Agency (ACRA), Expert RA, the National Credit Rating Agency (NRA) and the National Credit Rating Agency (NCR).
The tool is useful in a situation where companies have the right to hide part of their reporting to protect themselves from sanctions (at the same time, the RA has access to a large amount of information, accumulates it and reflects it in ratings, thereby helping investors).
On the platform you can enter the name of the company in the search bar and find out its rating in each of the agencies.
This is expected to make it easier for Russian investors, who numbered more than 32 million in June, to decide whether to buy assets.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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