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Three top rating agencies consider opening Russian subsidiaries

November 25, 2016, 10:29 UTC+3

International rating agencies can make decisions on opening their subsidiaries in Russia "in one or two years," Central Bank First Deputy Chairman Sergey Shvetsov said

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MOSCOW, November 25. /TASS/.  All three top global rating agencies consider opening subsidiaries in Russia, though there are no decisions yet, Central Bank First Deputy Chairman Sergey Shvetsov said Friday.

"All (rating agencies of the ‘big three’ - TASS) are considering, but no one has announced openings yet," he said, adding that "there have been no final decisions announced not to open subsidiaries either."

According to Shvetsov, international rating agencies can make decisions on opening their subsidiaries in Russia "in one or two years," as "there is no deadline, the legislation allows them to do it at any time." "But starting mid-2017, they will not be able to issue national-scale ratings," he added.

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