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Central Bank expects Chinese players on Russia’s rating agencies’ market

January 13, 12:57 UTC+3 MOSCOW
Meanwhile, the "big three" international rating agencies (S&P, Moody’s and Fitch) are most likely to continue working in Russia despite toughening of the sector’ regulation
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© AP Photo/Andy Wong

MOSCOW, January 13. /TASS/. Russia’s Central Bank expects Chinese market players to come to the Russian market of rating agencies, director of the regulator’s department of financial market development department Elena Chaykovskaya said on Wednesday.

"We expect Chinese players to come to the Russian market," she said.

Meanwhile, the "big three" international rating agencies (S&P, Moody’s and Fitch) are most likely to continue working in Russia despite toughening of the sector’ regulation and creation of a national player, Chaykovskaya said.

"The development of the rating sector will be one of those [areas] with highest priority for the mega-regulator. The Central Bank will be watching out for this area," she said.

As was reported earlier Russia’s national rating agency AKRA started operations in December 2015.

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