Rating-Agentur Expert RA GmbH

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Rating-Agentur Expert RA GmbH
IndustryFinancial Services
Founded2013
Headquarters,
Key people
Svetlana Grishankova (Managing Director)
Websitehttps://raexpert.eu/

Rating-Agentur Expert RA GmbH (RAEX Europe) is a credit rating agency established in Frankfurt am Main, Germany.[1] The agency is a business unit of International group RAEX operating in the European Union since 2013.[2] It is the first rating agency with Russian roots,[3] officially recognized by European Union Supervisory Authority.[4]

European Regulation[edit]

The European Securities and Markets Authority (ESMA) the EU's direct supervisor of credit rating agencies (CRAs), has registered Rating-Agentur Expert RA GmbH[5] as a CRA under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies with effect from 1 December 2015.[6] The Agency received an official status of the External Credit Assessment Institution (ECAI),[7] and the credit ratings issued by the agency can be used for regulatory purposes[8] on financial markets of the European Union.[9]

Activities[edit]

Rating-Agentur Expert RA GmbH assigns credit ratings to financial institutions, insurance undertakings, non-financial companies and public finance, as well as sovereign ratings for countries and regions.[10]

The first public non-sovereign rating was assigned by the agency to a Russian bank JSC CB "Assotsiatsiya".[11] In the beginning of 2017 Rating-Agentur Expert RA GmbH has issued credit ratings to Russian regions - Krasnodar region and Chuvash republic.[12] In May 2017 the agency has assigned rating of creditworthiness to Latvian insurance company Balcia Insurance SE.[13]

Sovereign ratings[edit]

On a half-year basis Rating-Agentur Expert RA GmbH conducts scheduled reviews of unsolicited sovereign ratings[14] and prepares reports on economic situation of countries. RAEX Europe issues sovereign government rating, reflecting the Agency's opinion on the government's ability to meet current and future financial obligations, and country credit environment rating, which is a measure of the systemic credit risks of the country in comparison with other countries of the world.[15] Among these countries are Russia, Kazakhstan,[16] Kyrgyzstan,[17] Armenia,[18] Belarus,[19] Germany, Uzbekistan, Cyprus, China and USA.

ESG ratings[edit]

Rating-Agentur Expert RA GmbH is a signatory of the ESG in Credit Rating Statement maintained by the UNPRI.[20]

An ESG rating represents the opinion of the Agency on the environmental, social and governance strengths and weaknesses of a rated entity. On the 5th of October 2017 RAEX Europe assigned the first ESG rating to Chuvash Region.[21]

References[edit]

  1. ^ A; Allen, L. Goodbody-Kevin; Burke, Adrian; Grennan, James; Kelly, Joe; McDermott, Brian; White, Paul. "ESMA registers Rating-Agentur Expert RA GmbH as a credit rating agency - Lexology".
  2. ^ "Rating-Agentur Expert RA GmbH: Private Company Information - Bloomberg". Bloomberg.com.
  3. ^ "Рейтинговое Агентство RAEX-Europe повысило рейтинг Беларуси". Belta.by. 31 January 2018.
  4. ^ "Cbonds Group and Rating-Agentur Expert RA have announced the start of informational cooperation and publication of credit ratings". Cbonds.com. Retrieved 24 April 2018.
  5. ^ "Russland: DRW-Clubabend mit Rating-Agentur Expert RA GmbH - owc.de". Owc.de.
  6. ^ "ESMA registers Rating-Agentur Expert RA GmbH as a credit rating agency". Esma.europa.eu.
  7. ^ "RAEX-Europe upgrades Belarus' credit ratings - Strategeast". Strategeast.org. 31 January 2018.
  8. ^ "Агентство RAEX Europe официально зарегистрировано регуляторами ЕС - Банки.ру". Banki.ru.
  9. ^ "Немецкое представительство «Эксперт РА» получило аккредитацию у регулятора ЕС". Vedomosti.ru. 1 December 2015.
  10. ^ "ESMA Registers Rating-Agentur Expert RA GmbH As A Credit Rating Agency". Mondovisione.com.
  11. ^ "Банк «Ассоциация» получил международный рейтинг Expert RA". Kommersant.ru. 27 April 2016.
  12. ^ "Archived copy". Archived from the original on 2017-09-12. Retrieved 2018-04-24.CS1 maint: Archived copy as title (link)
  13. ^ технологии», «Современные страховые. "RAEX (Эксперт РА) отозвал без подтверждения рейтинг страховой компании «Balcia Insurance» SE". Журнал о страховании «Современные страховые технологии».
  14. ^ "Tracker, Financial Services Regulation & Compliance - Investment Firms - Jan - 2016 - A&L Goodbody". Algoodbody.com.
  15. ^ "RAEX подтвердило суверенный рейтинг Беларуси и повысило рейтинг кредитоспособности". Thinktanks.by.
  16. ^ Forbes.kz (3 February 2018). "Риски банковской системы сохраняются, на рынке кредитования – стагнация". Forbes.kz. Retrieved 24 April 2018.
  17. ^ "RAEX агенттиги Кыргызстандын кредиттик рейтингин төмөн баалады". Азаттык Υналгысы.
  18. ^ Asya. "RATING-AGENTUR EXPERT HAS RISEN ARMENIA'S RATING". Finagent.am. Retrieved 24 April 2018.
  19. ^ "Рейтинговое Агентство RAEX-Europe повысило рейтинг Беларуси". Myfin.by.
  20. ^ "PRI - Credit ratings". Unpri.org.
  21. ^ "Делегация Чувашии презентовала экспортный и инвестиционный потенциал деловым кругам Германии". Cheboksary.ru.

External links[edit]