Standard & Poor’s Acquires Majority Stake in EA-Ratings

Standard & Poor’s has purchased a majority stake of its affiliate, EA-Ratings, the first independent Russian credit rating firm. With the EA-Ratings purchase, Standard & Poor’s has also launched an entirely new service, Standard & Poor’s Russia National Credit Ratings. Tailored to meet the specific needs of local and foreign participants in Russia’s capital and money markets, a new scale – Standard & Poor’s Russia National Credit Rating Scale – offers much finer distinctions in credit quality than have previously existed in Russia.

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