OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Russia sovereign rating A- (“High level of creditworthiness”) in foreign and national currencies. Credit environment rating BBB- (“Acceptable level of credit environment) of the country in foreign and national currencies was also confirmed.

Sovereign rating and credit environment rating in Russia were positively influenced by low debt burden, state budget balance and high availability of gold and foreign currency reserves.

The Agency's analysts highlighted dependence of the state welfare on global energy prices, low competitiveness of economy, growth of costs of state debt and inflation servicing, deceleration of economic growth due to weakening of consumer demand and long-term investment stagnation, low efficiency of implementing state privatization program, low level of stock market development, low level of institutional development of the state as rating-restraining 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.

Over 5000 companies from different segments of economy cooperate with Expert RA. The Agency has clients from 10 countries. The Agency database contains over 20000 company names.