Russian Ministry of finances confirmed the competence of rate agencies in conferment of credit rates
The Ministry of finances of Russia published the list of the accredited rate agencies. The list includes the following agencies:
Fitch Ratings CIS Ltd;
Standard & Poor’s International Services, Inc;
Moody’s Investors Service;
“The National Rate Agency, Inc”;
JSC “Rate Agency Analysis”;
“Consultations and Marketing”;
JSC “Rate Agency “Expert-RA”;
The main goal of the rate agencies’ accreditation is the rise of confidence in activity of the rate agencies through confirmation of their competence in conferment of the credit rates.
In 2010 “Standard & Poor’s International Services, Inc” confirmed the credit rate of Republic of Bashkortostan as “BB+, stable forecast”. The rate agency “Moody’s Investors Service” determined the Republican credit rate as “Ba1, stable forecast”.
The information is granted by the press-service of the Government of Bashkiria.