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CREDIT RATING (%) or issuers of securities. 100 Asset distribution in Chart 4 is based on the 6.9 7.0 lowest of the credit ratings

banks’ credits to Russian banks with high credit rating (MIACRIG) include Table 3.2.5 rates in lending transactions with Russian banks with credit rating

the funds have purchased bonds of the Moscow government, which have high credit ratings and offer a premium to OFZ. As of the end of

1, 2019 Pension system Setting up a national rating industry - only credit Guarantee fund mechanism introduced ratings of Russian national agencies may be used for

s credit rating should be deemed to be equal to ‘AAA’ according to the national scale, provided that its parent bank’s credit rating was

investment funds; 6) bonds of Russian issuers without a credit rating or with a credit rating below the level established by the Bank of Russia;

Rate-B-Grade (weighted average rate on interbank loans provided to banks with speculative credit rating) Monetary policy report Abbreviations No. 3 (35) · July 2021 49 MIACR-IG

Agricultural credit consumer cooperatives 736 728 726 721 718 Credit rating agencies 4 4 4 4 4 Вranches and representative offices of foreign credit rating

of Russia to Approve the List of Additional Services Rendered by a Credit Rating Agency’ (becomes effective 10 days after its official publication; posted on

1, 2019 Pension system Setting up a national rating industry - only credit Guarantee fund mechanism introduced ratings of Russian national agencies may be used for