On establishing credit ratings for an authorised bank wherein an issuing credit institution can open or use its correspondent account for foreign currency funds to be paid into

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

1. For the purposes of Paragraph 2 of Subclause 14.7.2 of Clause 14.7 of Bank of Russia Instruction No. 148-I, dated 27 December 2013, ‘On the Procedure for Issuing Credit Institution Securities in the Russian Federation’, the following credit ratings shall be established for an authorised bank wherein an issuing credit institution can open or use its correspondent account for foreign currency funds to be paid into:

• ruA− on the national rating scale for the Russian Federation in the classification of JSC Expert RA

• A−(RU) on the national rating scale for the Russian Federation in the classification of Analytical Credit Rating Agency JSC.

2. This decision is to be applied from the date of its publication on the Bank of Russia website.

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21.07.2017 00.00.00