OREANDA-NEWS. Dmitri Lyubinin has purchased a 100% stake in RusRating from the agency’s previous shareholders, Sergei Ablyaev (51%) and Alexander Zaitsev (49%).

Dmitri Lyubinin is sole owner of the leasing company ZAO Business Alliance, where he chairs the Board of Directors. “The adoption of a law regulating the operations of rating agencies not only creates a transparent market and a legal basis for rating services, but also provides this sector with a clearer vision of its future prospects,” Mr. Lyubinin noted. “In the near future I plan to provide the agency with fresh capital, as required by the new federal legislation, and to begin the process of accreditation with the Central Bank of Russia.”

RusRating was set up in 2001 and is one of Russia’s oldest rating agencies. Its core business is assigning credit ratings to banks, financial and non-financial companies, as well as their debt instruments. It also prepares analytical reports on various segments of the Russian financial market. RusRating’s market share among local rating agencies is currently around 12%.