Putin offers condolences to Pakistan over plane crashRussian Politics & Diplomacy December 08, 13:09
Press review: Aleppo's gradual liberation and new forces guarding Russia's HmeymimPress Review December 08, 13:00
EU Council, European Parliament reach compromise on visa-free travel for UkraineWorld December 08, 12:51
Russia’s Defense Ministry rejects reports of pilotage error as cause for Su-33 crashMilitary & Defense December 08, 12:45
Assad says Aleppo’s seizure won’t be end of war in SyriaWorld December 08, 12:29
Prosecutor seeks 5-year sentence for a female student for trying to join ISRussian Politics & Diplomacy December 08, 12:26
Putin points to priority of boosting transportation projects with Asia-Pacific statesBusiness & Economy December 08, 11:43
Two Ukrainians charged in absentia over abduction of Russian servicemenWorld December 08, 11:33
Top diplomat says Philippines should no longer be Washington’s ‘little brown brother’World December 08, 11:18
MOSCOW, July 24. /TASS/. Russian state-owned VTB Bank will take part in establishment of the national rating agency, press service of the bank told TASS on Friday.
"VTB will participate in establishment of the national rating agency," the bank said.
Creation of the Russian rating agency is critical in conditions when a portion of Russian companies cannot use services of foreign agencies because of confidential conditions of their production. "The current state of affairs makes it difficult for banks to give loans to such companies," the bank said.
Furthermore, "the project is fairly actual because of the politicized position taken by Western rating agencies, leading them to the biased assessment of Russian assets."
The new national rating agency to be established in Russia may start operations already in the fourth quarter of 2015. The agency’s capital is planned at 3 bln rubles ($51.5 mln) with equal distribution of shares between investors amounting to up to 5%. Preliminary subscription to shares will be held by the end of August 2015. Banks, insurance and asset management companies as well as issuers, may become investors.