Ratings
Detailed information on Russian Agricultural Bank credit ratings
On 13 August 2024, NCR affirmed the credit rating of Russian Agricultural Bank (RusAg, the Bank) at the level of AA+.ru with a stable outlook.
The credit rating confirmation reflects the high systemic importance of the Bank as an institution for supporting agricultural industry and the beneficiary’s ability to provide significant financial support. NCR also positively assesses the improvement in RusAg’s profitability. At the same time, the Bank continues to improve the quality of its loan portfolio by steadily decreasing the volume of problem debt.
https://www.ratings.ru/ratings/issuers/RSHB/
Note: Established in early 2019, National Credit Ratings (NCR) is a wholly owned subsidiary of RBC, a major Russian media group. The Bank of Russia added NCR to the list of accredited ratings agencies in September 2019. Using the most rigorous criteria, NCR rates financial institutions and insurers, corporates of all kinds, holding companies, local and regional governments, and debt obligations. Following best global practices, NCR has set new transparency standards for the Russian ratings industry and instituted several innovations to promote clarity, knowledge and better understanding for the entire community.
On 22nd of January 2025, ACRA affirmed the credit rating of Russian Agricultural Bank at AA(RU), with a “stable” outlook, as well as the credit rating of senior unsecured debt and subordinated perpetual bonds. The credit rating of RusAg reflects the high likelihood of extraordinary government support, if needed, due to the bank’s status as one of the leaders in supporting operations in the agricultural sector of the Russian Federation, its high systemic importance, significant amount of funds held by individuals, and the government’s involvement in forming the Bank’s strategy and operations.
The Agency also highlights the Bank’s strong franchise in the market, its high income compared to previous periods, ongoing reduction of non-performing loans and high-risk loans, and its balanced funding structure.
Note: ACRA is one of the biggest Russian authorized credit rating agency, founded in 2015. ACRA operates in compliance with the latest regulatory requirements and best global practices. The Agency’s main objective is to provide high-quality rating and analytical products to participants in financial markets on both the national and international levels.