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Big Three Rating Agencies Are Interested In Registration In Russia
16.01.2017 16:42
Big Three Rating Agencies Are Interested In Registration In Russia

The international rating agencies Moody's, S & P Ratings and Fitch Rating representing the so-called big three rating agencies, filed an application for registration of branches in Russia. This was stated by Deputy Chairman of the Central Bank, Sergey Shvetsov, on Gaidar Forum.

      "We are in negotiations with them for a long time and that they are going to stay in Russia in the form of branches, has long been known," - Sergey Shvetsov said. He also added that the branches will not be able to work with the national scale. "The law contains a prohibition to use a national scale by the entities that are not a part of the register of accredited rating agencies," – the Deputy Chairman of the Central Bank explained, because it is not about subsidiaries but about the branches.


Author: Anna Dorozhkina


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