On approving credit ratings for the central depository to use when placing funds in credit institutions and foreign banks

The Bank of Russia Board of Directors took the following decision:

1. For the purposes of paragraph 4 Clause 1 of Bank of Russia Ordinance No. 4377-U, dated 19 May 2017, ‘On the Requirements for Credit Institutions and Foreign Banks Which the Central Depository is Entitled to Place Funds with’, the following credit ratings shall be established for credit institutions organised and existing under the laws of the Russian Federation wherein the central counterparty has the right to place funds:

• АА(RU) on the national rating scale for the Russian Federation in the classification of the rating agency ACRA JSC
• ruAA on the national rating scale for the Russian Federation in the classification of the rating agency Expert RA JSC

2. The decision is to be applied starting from 14 July 2017.

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07.07.2017 00.00.00