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Russian Analytical Credit Rating Agency assigns first credit rating

MOSCOW, November 1. /TASS/. The Russian Analytical Credit Rating Agency (ACRA) assigned the "AAA" (RU) rating to the National Clearing Center (NCC) Bank with the stable outlook, the national rating agency said in the press release.

This is the first rating action made by ACRA.

RUSSIA'S ECONOMY

"The credit rating of NCC is based on its strong and stable business profile, exceptional liquidity position and high capital adequacy, with the latter compensating for the risk profile. The rating is additionally supported by NCC’s critical systemic importance for the Russian financial market," ACRA reported.

The NCC bank affiliated with the Moscow Exchange Group is acting a clearing organization and a central counterparty on the Russian financial market.

"The assignment of our first credit rating is a momentous landmark and a logical step in the Agency’s development," says ACRA’s CEO Ekaterina Trofimova.

ACRA plans "assigning credit ratings to companies representing the broadest possible spectrum of Russia’s economic sectors," she added.

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