OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Rostov-on-Don credit rating A+ according to the national scale ("Very high level of creditworthiness") and downgraded to BBB- according to the international scale ("Acceptable level of creditworthiness"). Earlier the City had rating BBB "Acceptable level of creditworthiness". The outlook for both ratings is "stable".

In the course of the ranking the Agency highlighted low ratio of debt to the city property value less land plots, low share of debt servicing expenses in the total expenses, low ratio of debt to revenues less donations and high level of investment appeal of the region as positive factors.

Worsening of the city budget balance, high share of financial transfers in the revenue structure and reduction of foreign investments to the economy restrained 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.

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.

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.