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Сопоставление рейтинговых шкал российских и зарубежных агентств: промышленные и финансовые компании

Корпоративные финансы. 2018. Т. 16. № 2. С. 35-52.
Дьячкова Н. Ф.

This article describes the credit ratings of Russian and international rating agencies. It provides the description of their
scales and its comparison with reference to the Russian industrial companies and financial institutions (banks and insurance companies). In addition, it was designed the table of compliance of credit rating agencies to accredit in Russia. Rating agencies deal with specific value of information rating, the assessment procedure which is carried out and the ratings of all economic entities were represented to the basic scale. With the increased attention on risk comes a growing need for better understanding its elements as well as the continuing development of ratings as a tool to manage it. In accordance to the different methodologies used by the Russian and foreign rating agencies, was determined the class of the rated of each economic entity.
The credit rating market is represented by both international and national rating agencies, and the credit ratings standards can vary significantly from one agency to another. They cover credit risk analysis from both a qualitative and quantitative perspective, effectively providing insights into the role where every difference can be very important. Also, foreign rating agencies provide a strong foundation for a review of credit portfolio analytics instead of Russian ones. In this aspect, the generally accepted methods of credit rating issuers are complicated. It is often, that the rating agencies are assigned to the same company different credit ratings. This situation causes a situation of complication and can cause a conflict of interests, especially for investors and government need, so investors have to compare the ratings of these agencies for longterm purposes.