DFA ratings: Bank of Russia’s decision
The Bank of Russia has determined the minimum credit quality level for digital financial assets (DFAs) available to non-qualified investors.
Now, investors may purchase the most popular DFAs where returns do not depend on any variable indicators without any restrictions, provided that their issuer have a credit rating not lower than ‘А+’ on the national scale or ‘BB’ on the international one. Bonds or their issuer should have a similar rating if DFAs certify claims in respect of them or a possibility to exercise rights thereunder.
In addition, non-qualified investors can now invest up to ₽600,000 per year in DFAs with yields tied to inflation, the key rate, prices for precious metals and shares. However, the issuers of these DFAs must have a credit rating not lower than ‘АА-’ on the national scale or ‘BB+’ on the international one.