OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned Joint-Stock CB ROSSIYSKY CAPITAL credit rating A++, which means “Exceptionally high (the highest) level of creditworthiness”. The rating outlook is “developing”, which means rating stability and change are equally likely in the mid-term.

As the key positive factor the Agency highlights the high likelihood of financial and administrative support of the bank by the owner (Deposit Insurance Agency State Corporation) and local authorities.

Rating score is restrained by quite low profitability margins with regard to profit before tax as well as moderately high level of capital adequacy as of most reporting dates in 2013 and H1 2014, which, however, improved materially after the additional issue of the Bank's shares in May 2014.

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.

Expert RA and its employees received more than 80 diplomas, awards and thank-you notes, including Financial Elite award for transparency increase at the financial market, Pension Fund of Russia diploma for objective industry coverage, Time of Innovation award for popularization of innovation activity, Golden Salamander award for high analytical quality at the insurance market and many others.