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Russia setting up ratings company

Saturday, July 25, 2015 - 05:50
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NO RISK OF POLITICS: The ratings company, which plans to start operations next quarter, will have 3 billion roubles in capital and will be funded by banks, insurance companies and asset managers, the central bank said.

Moscow

RUSSIA is creating its own ratings company to withstand "geopolitical risks" after two of the three biggest credit assessors downgraded the country to junk status this year.

Ekaterina Trofimova, OAO Gazprombank's first vice-president and a former banking analyst for Russia

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