Expert RA


Expert RA is Russia’s oldest credit rating agency and also the largest one in terms of both customers and headcount. Expert RA has been assigning credit ratings for 20 years already. Expert RA is on the list of authorized rating institutions, meaning that its credit ratings are applicable for regulatory purposes to banks, insurers, pension funds, and debt issuers.

History

1995 - First ratings assigned on the Expert magazine platform
1997 - A rating agency established
1998 - Expert RA creates its Analytics & Communications Business line
2001 - Expert RA’s ratings integrated in the business environment. Accreditation by exchanges and professional associations
2010 - Expert RA accredited by Russia’s Ministry of Finance
2016 - Central Bank of Russia puts Expert RA on the list of accredited credit agencies
2017 - Change of the rating scale, 19 gradations introduce in the rating system
2018 - Expert RA signs a strategic partnership memorandum with China Chengxin Credit Rating Group
2019 - Establishing Expert Business-Solutions, a company intended to support non-rating analytical products.

Main activities

Credit Ratings

Currently, Expert RA has more than 600 credit ratings outstanding, including 441 issuer  and 235 issue credit ratings. 
The agency assigns credit ratings to regions and municipalities.

Communications & Analytics

Expert RA addresses key national issues in cooperation with government agencies, public associations, and regional authorities.

Surveys

Expert RA publishes over 50 research papers and analytical reports on insurance, banking, asset management, leasing, factoring, auditing, consulting and other industries annually and Rankings

Business Events

Every year, Expert RA holds events such as forums, conferences, and round tables to discuss research and work out solutions and scenarios for business community and public authorities.

Rating Scale

Expert RA National Rating Scale for the Russian Federation Effective from 10 April 2017
CategoryLevelDefinition
AAAruAAAThe rating object is characterised by the maximum level of creditworthiness/financial reliability/financial strength. The highest level of creditworthiness/financial reliability/financial strength according to the national scale for the Russian Federation, in the Agency’s opinion.
AAruAA+High level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, being only slightly lower than the level of the rating objects in the ruAAA rating category.
AAruAAHigh level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, being only slightly lower than the level of the rating objects in the ruAAA rating category.
AAruAA-High level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, being only slightly lower than the level of the rating objects in the ruAAA rating category.
AruA+Moderately high level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation; however, some sensitivity to adverse changes of economic situation is observed.
AruAModerately high level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation; however, some sensitivity to adverse changes of economic situation is observed.
AruA-Moderately high level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation; however, some sensitivity to adverse changes of economic situation is observed.
BBBruBBB+Moderate level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, while the observed sensitivity to adverse changes of economic situation is higher than that of the rating objects in the ruA rating category.
BBBruBBBModerate level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, while the observed sensitivity to adverse changes of economic situation is higher than that of the rating objects in the ruA rating category.
BBBruBBB-Moderate level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation, while the observed sensitivity to adverse changes of economic situation is higher than that of the rating objects in the ruA rating category.
BBruBB+Moderately low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. High sensitivity to adverse changes of economic situation is observed.
BBruBBModerately low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. High sensitivity to adverse changes of economic situation is observed.
BBruBB-Moderately low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. High sensitivity to adverse changes of economic situation is observed.
BruB+Low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. The ability to fulfil financial obligations in full and in a timely manner is currently maintained, while the safety margin is limited. The ability to fulfil obligations is sensitive to an economic downturn.
BruBLow level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. The ability to fulfil financial obligations in full and in a timely manner is currently maintained, while the safety margin is limited. The ability to fulfil obligations is sensitive to an economic downturn.
BruB-Low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. The ability to fulfil financial obligations in full and in a timely manner is currently maintained, while the safety margin is limited. The ability to fulfil obligations is sensitive to an economic downturn.
CCCruCCCVery low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. It is considerably likely that the rating object fails to fulfil its financial obligations in the short term.
CCruCCVery low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. It is increasingly likely that the rating object fails to fulfil its financial obligations in the short term.
CruCVery low level of creditworthiness/financial reliability/financial strength compared to other objects of the rating in the Russian Federation. It is very likely that the rating object fails to fulfil its financial obligations in the short term. It is highly unlikely that financial obligations will be fulfilled in a timely manner.
RDruRDThe rating object is under supervision of the governmental regulatory agencies which can determine priority of the obligations. However, the Agency has not recorded a default yet.
DruDThe rating object is in default.

Rating methodologies

Expert RA has 18 currently active credit rating methodologies, of which 12 are recognized by the regulator as fully complying with Law 222-FZ and suitable for regulatory purposes.
Recognized for regulatory purposes
Under review