National Rating Agency (ACRA) to start in 2016

National rating agency will be called "Analytic credit rating agency" (ACRA), and will begin work in mid-2016, 24 companies have given their applications for participation in the capital.

Among them - Sberbank, "Rosgosstrakh", LLC "Trinity", Gazprombank and Management Company "Leader", "Otkritiye holding", the group "Onexim", "TMK", "FSC EES", Rosselhozbank, Citibank, "RFPI Investment Management", a group of companies "Renova", UniCredit Bank, Bank "Saint Petersburg", the pension administrator "Safmar pensions" (included in the group "Bin"), Promsvyazbank, Rosbank, VTB, AFK "System", "Severstal Management", Raiffeisen Bank, “Industrial Investors” LLC  and "Moscow Exchange".

The authorized capital of ACRA will be divided into 3,000,000 shares with par value of 1 thousand rubles each and the total amount will be 3 billion rubles. According to experts, because of the multiplicity of alleged participants (each of which owns not more than 5% of the capital), the rating agency will be able to avoid the perception of bias and a significant amount of capital will allow to speak about the responsibility and the importance of its ratings.

It is expected that the ACRA Board of Directors will consist of 5 members, 4 of them are independent. Nomination of candidates for the board will be hold every 3 years at by the nomination of the current board of directors.

Earlier the Federal Law of the Russian Federation of July 13, 2015 N 222-FZ "On the activities of credit rating agencies in the Russian Federation, on the amendment to the article 76[1] of the Federal Law"About the Central Bank of the Russian Federation (Bank of Russia)" and Invalidating certain provisions of Legislative Acts of the Russian Federation", which defines the basic concepts of rating activities and the conditions for its implementation in Russia, the procedure of accreditation agencies.

According to the law the rating agency should ensure the independence of the activities from political and economic influence, to prevent conflicts of interests. At the same time it can not withdraw the ratings assigned by national rating scale, based on the decisions of foreign states or international unions.

Based on media materials