OREANDA-NEWS. January 9, 2013. Fitch Ratings has assigned National Clearing Centre (NCC) Long-term Issuer Default Ratings (IDRs) of "BBB-" with a Stable Outlook and a Viability Rating (VR) of "bb+".

For detailed information, please visit the NCC's website.

CJSC JSCB National Clearing Centre (hereinafter NCC) is a subsidiary of the Moscow Exchange Group performing functions of a clearing organization and the central counterparty in the financial market. Since December 2007, NCC has been rendering clearing services in the Group's FX market, and since November 2011 — in its securities market.

As central counterparty, NCC assumes the risks under the transactions concluded by the participants during the on exchange trading, acting as intermediary between the parties: i.e. as the seller for each buyer and as the buyer for each seller, which so replace their contractual relations with each other with relevant contracts with the central counterparty.