Russia moves to national credit ratings

MOSCOW, July 13. /TASS/. Russia moves from the ratings of international rating agencies to the credit ratings assigned by the national rating scale.

This provision is contained in the government decree, published on the website of the Cabinet of Ministers.

“The signed resolutions are changes in some regulatory legal acts of the Russian government, which provides for the transition from ratings of international rating agencies such as “Fitch ratings” (Fitch Ratings), “Standard end purs” (Standard & Poor’s), “Moody’s investors Service” (Moody’s Investors Service), to the credit ratings assigned by the national rating scale”, – stated in the explanatory note to the document.

It is noted that “the main purpose of assigning credit ratings on a national scale – the provision of safe investing”. “The decisions will allow to provide stability of investment of pension savings transferred by the Pension Fund in trust management of the state management company, pension savings held in trust management to management companies, savings for housing provision of servicemen”, – the document says.

The regulation amends several regulations, which set limits on the use of credit ratings, the authorities and the Bank of Russia for the Russian objects of the rating. You may only use ratings from credit rating agencies entered in the register of credit rating agencies, on the national scale.