OREANDA-NEWS. Expert RA Rating Agency (RAEX) upgraded Moscow Petrochemical Bank credit rating to A+, which means “Very high level of creditworthiness", the third sub-level. The rating outlook is stable, which means the likelihood of mid-term rating stability is high. Previously the Bank had credit rating A (“High level of creditworthiness"), the first sub-level, stable outlook.

High return on assets and equity and good balance of assets and liabilities by their maturities in the short-term support the rating of the bank.

High level of active transactions concentration on major credit risk objects and moderately high share of loans of the third category of quality in the loan portfolio are highlighted by the Agency as the key negative factors.

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.