OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned reliability rating A.mfi (“High level of reliability") to the microfinance organization Swiss Foundation for Economic Reforms “Kaluga". The rating outlook is “stable". The stable outlook means the likelihood of mid-term rating stability is high.

High equity to total assets ratio and high liquidity indices exerted positive influence on the Foundation rating.

Low level of the loan portfolio diversification and negative financial result negatively influence the rating.

Expert RA was evaluated and certified as satisfying to ISO 9001:2008 demands in the following areas: assigning and actualizing expert assessments; analysis of markets and companies, survey activity; organization of business-forums, conferences and round tables. Rating methods were approved by leading international audit-consultation companies: PricewaterhouseCoopers, Deloitte. Procedural quality and information confidentiality principles are confirmed by Accenture.

Expert RA is accredited at the RF Ministry of Finance. The Agency ratings are included in the list of official requirements to banks, insurers, pension funds, issuers. Expert RA ratings have been officially recognized by FSFM, Central Bank of Russia, Vnesheconombank of Russia, MICEX-RTS, Mortgage Crediting Agency, Deposit Insurance Agency, professional associations and self-regulating organizations: VSS, Russia Association, Strategic Initiative Agency, RSA, NAPF, NLU, NSG, NFA, and hundreds of companies and agencies in the period of bids and tenders.