Long-term credit ratings (over one year)
Investment grade
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cisAAA |
An obligor or a debt liability with cisAAA credit rating is characterized with the HIGHEST creditworthiness as compared to other CIS obligors or debt liabilities. |
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cisAA |
An obligor or a debt liability with cisAA credit rating is characterized with the VERY STRONG creditworthiness as compared to other CIS obligors or debt liabilities. |
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cisA |
An obligor or a debt liability with cisA credit rating is characterized with the HIGH STRONG creditworthiness as compared to other CIS obligors or debt liabilities. This level of creditworthiness is susceptible to adverse changes in commercial, financial and economic conditions. |
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cisBBB |
An obligor or a debt liability with cisBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other CIS obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions. |
Speculative grade
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cisBB |
An obligor or a debt liability with cisBB credit rating is characterized with the LOWER THAN SUFFICIENT creditworthiness as compared to other CIS obligors or debt liabilities. This level of creditworthiness is strongly affected by adverse changes in commercial, financial and economic conditions. |
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cisB |
An obligor or a debt liability with cisB credit rating is characterized with the LOW creditworthiness as compared to other CIS obligors or debt liabilities. This level of creditworthiness is extremely susceptible to adverse changes in commercial, financial and economic conditions. |
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cisCCС |
An obligor or a debt liability with cisCCC credit rating is characterized with the VERY LOW creditworthiness as compared to other CIS obligors or debt liabilities. There is a default possibility. |
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cisCC |
An obligor or a debt liability with cisCC credit rating is characterised with the VERY HIGH DEFAULT POSSIBILITY. |
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cisC |
An obligor is EXPECTED TO DEFAULT on its debt liabilities. |
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cisSD |
DEFAULT on certain debt obligations of the issuer. Payments on other issuer’s debt obligations are expected to continue. |
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cisD |
DEFAULT. The payment of principal and interest on a debt liability has stopped, without any agreement reached with creditors on the restructuring of the debt before payment became due. |
‘cis’ denotes ratings assigned by the regional rating scale of CIS countries
| ‘Credit-Rating’ doesn’t apply ‘+’ and ‘-’ to the following rating categories: cisAAA, cisC, cisSD, cisD. |
