The Bank of Russia analyses approaches to rating scales comparison

The Bank of Russia has prepared a consultation report featuring research results, which the regulator intends to discuss with market participants and users of credit ratings.

The framework for rating scales comparison aims at classification of information on credit risk assessment for the organisations that have been rated by one or more agencies and their financial instruments. However, comparison does not mean that ratings of different agencies are considered equal, but means that they are comparable by a number of criteria.

The framework might be helpful for investors and users of financial services and practical for regulation of activities of financial market participants.

Comments on the report, including suggestions on alternative frameworks for rating scales comparison and their possible application in Russia, are welcome before 15 February 2017.