Wednesday November 15 2023
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: Russia
On 15th November 2023, Moscow Exchange (MOEX) announced that the Expert RA rating agency has assigned the National Clearing Center (NCC) a credit rating of ruAAA with a stable outlook. The credit rating of Expert RA has been assigned to NCC for the first time and is long-term.
The agency attributed the rating to NCC’s strong market position, capital and profitability position, high asset quality, adequate liquidity position, and high assessment of corporate governance and business processes.
Expert RA noted the importance of NCC’s functions as a central counterparty and its role in the operation of the Russian financial market – NCC is recognized as a systemically important infrastructure organization.
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