OREANDA-NEWS. May 21, 2010. Due to the termination of the Bank’s contract dated April 16, 2009, RusRating has withdrawn credit rating of “AVANGARD” Joint Stock BANK.

RusRating is an independent rating agency accredited by the National Securities Market Association whose ratings are used by the Central Bank of Russia to assess creditworthiness of credit organizations. The company was established in 2001 and is a member of the GlobalRating group, which also includes rating agencies in Kazakhstan (KzRating), Armenia (AmRating) and Azerbaijan (AzeriRating). Its primary services are the provision of credit ratings to banks, leasing and industrial companies, and bonds, along with analysis of various aspects of the Russian financial sector.