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Foreign rating agencies will most likely remain on Russian market — official

September 17, 2015, 18:01 UTC+3
TASS reported earlier the State Duma passed on Tuesday the draft law on operations of rating agencies in Russia
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© TASS/Sergei Fadeichev

KAZAN, September 17. /TASS/. Most probably, foreign rating agencies will not leave the Russian market, First Deputy Chief of the Central Bank Sergey Shvetsov said on Thursday at Finnopolis 2015 Conference.

"I have enough understanding that foreigners [foreign rating agencies - TASS] will not leave the Russian market. They do not like many things in what we have done but our measures are similar to regulation in European nations to a considerable degree," Shvetsov said.

TASS reported earlier the State Duma passed on Tuesday the draft law on operations of rating agencies in Russia in the second and the third readings on June 30. The document sets forth basic notions of the rating business and conditions of its implementation in Russia and determines the procedure for accreditation of rating agencies.

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