OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned ABLV Bank credit rating A++ according to the national scale of the Russian Federation, which means "Exceptionally high (the highest) level of creditworthiness". Credit rating A- ("High level of long-term creditworthiness") was assigned according to the international scale. The Bank has got credit rating A+ ("Very high level of creditworthiness"), the first sub-level, according to the national scale of the Republic of Latvia. The outlook for all ratings is stable, which means the likelihood of midterm rating stability is high.

Medium high capital adequacy ratio and good profitability indicators were highlighted as positive factors.

Risks associated with adjustment to standards and requirements of the common bank supervision by European Central Bank exert pressure on the rating score. Expert RA is Russian rating agency working on a global scale, incorporated in 1997 by Expert magazine. Expert RA is a true market leader in ratings and survey-communication activity. Our purpose is to produce a new knowledge and transfer it to the society, business and authorities in an understandable way.

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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.

Over 5000 companies from different segments of economy cooperate with Expert RA. The Agency has clients from 10 countries. The Agency database contains over 20000 company names.

Ratings

By now the Agency assigned about 800 individual ratings. Expert RA is the largest rating agency in Russia and CIS, it tops the list of other Russian and foreign agencies by a number of ratings assigned to banks and companies in CIS countries. Expert RA is the first (36%) at the market of legal entity credit risks, the first at the bank rating market; the first (85%) at the market of credibility ratings, assigned to Russian insurance companies in Russia.