The development trends of credit rating agencies activity in Russia

The process and the prospects of development of the rating industry in the country are examined in the article. The author analyzes the influence of sovereign Russian credit rating decrease by the world’s leading rating agencies at the beginning of 2015 on financial sector of the country. Politically motivated international credit rating agencies ratings hinder the development of the Russian financial system. That’s why particular attention is paid to the rejection of dependence on the international credit rating agencies ratings and the appearance of a new strong and powerful national credit agency on the Russian market. The problems concerned with speculative estimates of the Russian investment potential. The author points some possible ways to recover from the crisis by involving inner agencies instead of international ones. Special attention is devoted to the existent legislative modifications. Never the less, speaking about the prospects and the future of the leading agencies, it is significant that their work will be relevant in long term due to the increasing uncertainty of the external environment. Moreover the necessity of investing funds in different objects intensifies which leads to the investors and depositors needs of investing. The presented information may be interesting for further profound exploration of the issues, identify the range of problems to be solved by international ratings of the issuers and their securities. In addition, the information proposed in the article can be also served as a basis for further comparison of the activity of international and national agencies in terms of the services offered.