RusRating explained

RusRating
Foundation:2001
Founder:Richard Hainsworth
Location City:Moscow
Location Country:Russia
Industry:Financial services
Homepage:www.rusrating.ru

RusRating (Russian: Рус-Рейтинг) is a credit rating agency located in Russia founded in 2001.[1] In 2013 Kommersant said it was the smallest in the country, with about 30 customers, about 4 percent of the market.[2]

In October 2012, Dagong Global Credit Rating stated that they will cooperate with Egan-Jones Ratings Company and RusRating to form a joint venture called Universal Credit Rating Group.The Universal Credit Rating Group will be located in Hong Kong, and starts working in 6 months since the agreement. The joint venture will also give countries credit ratings.[3] Managing director of Egan-Jones Ratings Bill Hassiepen told that the three rating agencies will not merge, but will participate in a strategic alliance. The three companies services will market together but will work singly he said.[4]

On June 25, 2013, a new international rating agency, Universal Credit Rating Group, was launched jointly by Rus-Rating, Dagong Global Credit Rating and Egan-Jones Ratings. The agency positions itself as an alternative to the "big three" Fitch Ratings, Standard & Poor's and Moody's. The headquarters of the company is located in Hong Kong.[5] [6]

In December 2013, the founder of Rus-Rating Richard Hainsworth and partners sold 100% of the company's shares to Alexander Zaitsev, who previously held senior positions in Sberbank CIB, Troika Dialog and Uralsib Capital Management.[7] [8]

In March 2015, the former deputy head of the Moscow Main Territorial Department of the Central Bank of the Russian Federation Sergey Ablyaev became the owner of 51% of the company's shares.[9] [10]

In March 2016, Dmitry Lyubinin, the owner of the leasing company CJSC Business Alliance, acquired 100% of the company's shares.[11]

Ownership of the agency changed hands twice in 2015-2016 and shortly afterwards it closed.

External links

Notes and References

  1. Web site: Company history . RusRating . 28 November 2012 . dead . https://archive.today/20130417131206/http://www.rusrating.ru/en/index.php?option=com_content&task=view&id=452&Itemid=58 . 17 April 2013 .
  2. Web site: RusRating Owner Sells Out to Develop Hong Kong Rating Agency . 8 December 2013 .
  3. News: Chinesische Ratingagentur greift an . Chinese rating agency attacks . . 24 November 2012.
  4. News: New Sino-Russian agency to challenge Moody's, Fitch, and S&P . Russia & India Report . . 31 October 2012.
  5. Web site: РБК — Россия, Китай и США запустили «убийцу» Moody's, S&P и Fitch . 2022-06-14 . 2015-01-09 . https://web.archive.org/web/20150109090112/http://top.rbc.ru/tags/?tag=Universal+Credit+Rating+Group . dead .
  6. http://www.newsdaily.com/asia/9736dc5185686985cf1d5199cf96d4bd/new-credit-rating-agency-to-challenge-big-3-firms NewsDaily — New credit rating agency to challenge Big 3 firms
  7. http://kommersant.ru/doc/2359558 Коммерсант — Сделка по национальной шкале
  8. http://www.banki.ru/news/lenta/?id=5939133 Banki.ru — А. Зайцев стал владельцем 100% акций RusRating
  9. http://www.banki.ru/news/lenta/?id=7889011 Banki.ru — С. Абляев приобрел контрольный пакет акций агентства RusRating
  10. http://www.kommersant.ru/doc/2702071 Коммерсант — С партнерским прогнозом
  11. Web site: Официальный сайт — "Рус-Рейтинг" объявляет о смене акционеров. 2016-03-30. https://web.archive.org/web/20160411052227/http://www.rusrating.ru/novosti/novosti-kompanii/rus-rejting-ob-yavlyaet-o-smene-aktsionerov.html. 2016-04-11. dead.