The agency developed regional rating scale for the CIS states, which designed for assessment of debtors’ risks, which operate in the territory of the CIS countries and separate debt tools of such debtors.

Stanislav Dubko, director-general of Credit-Rating, said: “We made important step in implementation of our global development strategy. The rating on regional scale will allow to compare solvency of various entities of economy – sovereign government, local administration bodies, banks, insurance companies and enterprises of other sectors of economy within the separate region.”

The region represents several countries, united in close trade-economic relations, comparable on development level of transition processes and social-economic development. The ratings on the CIS regional scale will serve as indicators to compare solvency of enterprises, located in the CIS region, in future.

Credit-Rating said the rating on the CIS scale will have more useful information for interregional investors rather than rating assessment on scales of the international rating agencies.

Sovereign credit rating on regional scale was assigned to 11 countries of the CIS. The regional rating was divided into two groups: speculative (from cisD to cisBB) and investment (from cisBBB to cisAAA). The cisD meads default, while cisAAA is the highest solvency of debtor.

Each rating has outlook, which can be stable, positive, negative and developing. The stable outlook means that there is no prerequisites for change of rating within a year. Developing outlook means that there is high possibility that there could be change in a year. Positive outlook means that the rating can increase within a year, while negative – possibility of downfall.