OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded CB EDINSTVENNIY credit rating from A to B++, which means “Acceptable level of creditworthiness". The rating outlook is “developing", which means that both rating maintaining at the current level and its change are equally probable in the mid-term. Previously the Bank had credit rating A (“High level of creditworthiness"), the second sub-level, “stable" outlook.

Rating level revision is associated primarily with loan portfolio quality impairment.

Expert RA was evaluated and certified as satisfying to ISO 9001:2008 demands in the following areas: assigning and actualizing expert assessments; analysis of markets and companies, survey activity; organization of business-forums, conferences and round tables. Rating methods were approved by leading international audit-consultation companies: PricewaterhouseCoopers, Deloitte. Procedural quality and information confidentiality principles are confirmed by Accenture.

Expert RA is accredited at the RF Ministry of Finance. The Agency ratings are included in the list of official requirements to banks, insurers, pension funds, issuers. Expert RA ratings have been officially recognized by FSFM, Central Bank of Russia, Vnesheconombank of Russia, MICEX-RTS, Mortgage Crediting Agency, Deposit Insurance Agency, professional associations and self-regulating organizations: VSS, Russia Association, Strategic Initiative Agency, RSA, NAPF, NLU, NSG, NFA, and hundreds of companies and agencies in the period of bids and tenders.