GPRC “StandardRating” declared introduction of internal principles of sovereign ratings differentiation.

02-06-2011

On June 02nd GPRC “StandardRating” announced assignment of sovereign ratings to Czech Republic, Latvia and Lithuania on the level of А+, ВВ+ and ВВ+ respectively. Also, the agency disseminates to investors information about the necessity for internal differentiation of ratings.

 

Rating Company “StandardRating” developed a special governments incentive program till 2016 for transfer to contractual ratings. As of the moment the program contains several types of sovereign ratings:

 

  • RSO (ratings reports for subscribers only) – rating for the subscribers. It envisages that rating assessment is public, however rating reports and entire rating history is available the Agency’s subscribers only. Among the Agency’s subscribers there are investment funds managers and private investors.
  • NCL (public information ratings from non-cooperative list of countries) – the rating assigned on the basis of public information with public rating report, but without interaction with the government.
  • RCL (non-public information ratings from cooperative list of countries) – the rating assigned on the basis of public information as well as the information obtained from the government, with public rating report, obligatorily in line of interaction with the government or a government agency in charge of state debt management.
  • CON (contractual ratings from cooperative list of countries) – the rating assigned on the basis of public information, as well as the information obtained from the government, with public rating report, obligatorily in line of interaction with the government or a government agency in charge of state debt management. CON differs from RCL due to presence of written agreement between the Agency and the government. CON belongs to the type of usual contract ratings, which are assigned on the basis of payment

 

When assigned all ratings will bear RSO status.