On establishing credit ratings to implement Bank of Russia Regulation No. 575-P, dated 30 December 2016
The Bank of Russia Board of Directors took the following decision:
1. To establish the following credit ratings for resident banks where it is allowed to open trading bank accounts and (or) clearing bank accounts:
A-(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA (JSC),
ruA- on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA (JSC).
The decision was made to apply Paragraph 2 of Clause 5.1 of Bank of Russia Regulation No.
2. To establish the following credit ratings for resident banks where it is allowed to place in correspondent accounts temporarily unallocated funds in rubles and (or) foreign currency, and (or) precious metals (to apply Paragraph 1 of Clause 5.2 of the Regulation):
A-(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA (JSC),
ruA- on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA (JSC).
3. To establish the following credit ratings for resident banks where it is allowed to place on deposit temporarily unallocated funds in rubles and (or) foreign currency, and (or) precious metals (to apply Paragraph 2 of Clause 5.2 of the Regulation):
A-(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA (JSC),
ruA- on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA (JSC).
4. To establish the following credit ratings for resident banks where it is allowed to place on deposit collective clearing collateral in rubles and (or) foreign currency, and (or) precious metals (to apply Paragraph 3 of Clause 5.3 of the Regulation):
A-(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA (JSC),
ruA- on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA (JSC).
5. To establish the following credit ratings for resident banks whose guarantees are eligible as individual clearing collateral (to apply Paragraph 4 of the Annex to the Regulation):
A-(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA (JSC),
ruA- on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA (JSC).
6. To establish the following credit ratings for instruments whose issuers or counterparties are residents, in which it is allowed to place temporarily unallocated funds in rubles and (or) foreign currency, and (or) precious metals, and which are eligible as individual clearing collateral (to apply Paragraph 3 of Clause 5.2 and Paragraph 2 of Clause 5.4 of the Regulation):
A-(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA (JSC),
ruA- on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA (JSC).
7. To establish the following credit ratings for non-resident banks where it is allowed to place temporarily unallocated funds in rubles and (or) foreign currency, and (or) precious metals in accounts opened to fulfil obligations (to apply Paragraph 1 of Clause 5.2 of the Regulation):
BB- in the classification of the international credit rating agencies S&P Global Ratings or Fitch Ratings,
Ba3 in the classification of the international credit rating agency Moody’s Investors Service.
8. To establish the following credit ratings for non-resident banks whose guarantees are eligible as individual clearing collateral (to apply Paragraph 4 of the Annex to the Regulation):
BB- in the classification of the international credit rating agencies S&P Global Ratings or Fitch Ratings,
Ba3 in the classification of the international credit rating agency Moody’s Investors Service.
9. To establish the following credit ratings for instruments whose issuers or counterparties are non-residents, in which it is allowed to place temporarily unallocated funds in rubles and (or) foreign currency, and (or) precious metals, and which are eligible as individual clearing collateral (to apply Paragraph 3 of Clause 5.2 and Paragraph 2 of Clause 5.4 of the Regulation):
BB- in the classification of the international credit rating agencies S&P Global Ratings or Fitch Ratings,
Ba3 in the classification of the international credit rating agency Moody’s Investors Service.
10. To establish the following credit ratings for non-resident banks where it is allowed to place on deposit temporarily unallocated funds in rubles and (or) foreign currency, and (or) precious metals (to apply Paragraph 2 of Clause 5.2 of the Regulation):
BBB- in the classification of the international credit rating agencies S&P Global Ratings or Fitch Ratings,
Baa3 in the classification of the international credit rating agency Moody’s Investors Service.
11. To establish the following credit ratings for non-resident banks where it is allowed to place on deposit collective clearing collateral in rubles and (or) foreign currency, and (or) precious metals (to apply Paragraph 3 of Clause 5.3 of the Regulation):
BBB- in the classification of the international credit rating agencies S&P Global Ratings or Fitch Ratings,
Baa3 in the classification of the international credit rating agency Moody’s Investors Service.
12. This decision is to be applied from the date of its official publication.
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31.10.2017 00.00.00