ACRA holds a regular Board of Directors meeting

On April 20, 2017, the Analytical Credit Rating Agency (ACRA) held a regular Board of Directors meeting. The Board of Directors decided to hold the Annual General Meeting of Shareholders on June 26, 2017.

At today’s meeting, the Board of Directors approved the updated versions of ACRA’s internal regulatory documents, including the Regulation on Methodology Committee, and the Pricing Policy for Rating Services. The Board of Directors received performance reports of the Compliance and Internal Control Service, and the Methodology Group. The Board of Directors also gave preliminary approval to the 2016 Annual Report of the Agency.

“Today the Board of Directors considered the first Annual Report of ACRA since the establishment of the Agency. The document presents the results of operations for the year 2016. During the reporting period, the Agency completed several key projects tasks, 1) inclusion in the Central Bank of Russia’s Register of Credit Rating Agencies; 2) assignment of initial ratings; and 3) organization of all the business processes. But the main accomplishment was that the Agency began to earn recognition from the financial and investor community”, — said the Chairman of the Board of Directors of ACRA, Karl Johansson.  — “For 2017 we have set ambitious goals: increase the number of ratings assigned, and further diversification of our rating portfolio by types and sectors; development of new rating products and methodological frameworks; active cooperation with investors, regulators and government in order to expand the use of ACRA’s ratings in regulation; and publication of new research, and much more”.

The Analytical Credit Rating Agency is conducting its annual survey of financial market participants’ views on the Russian credit rating industry. To take part in the survey, please complete the questionnaire at surveymonkey.com/ACRA_survey_2017. You may find more about the survey at https://www.acra-ratings.ru/about/news/116.

ACRA also continues to conduct regular credit analysis training classes and is currently offering enrollment into its June 22–23, 2017 course on corporate credit analysis. All participants will be issued certificates upon completion. Cost is RUB 45,000 plus VAT per person. The full list of ACRA training opportunities is available at https://www.acra-ratings.ru/trainings. To sign up, please contact Irina Chikleeva via phone +7 (495) 139 0480, ext. 116, or at irina.chikleeva@acra-ratings.ru.

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