China Lianhe Credit Rating Co., Ltd. ("Lianhe Ratings”) has assigned Credit Bank of Moscow 'AA-' Chinese national scale credit rating

27.02.2024

One of the largest rating agencies in China, China Lianhe Credit Rating, has assigned Credit Bank of Moscow (hereinafter referred as “MKB” or “the Bank”) 'AA-' long-term credit rating on the Chinese national scale with a stable outlook, on par with the Russian sovereign credit rating.

In assessing MKB's creditworthiness, Lianhe Ratings analysts highlighted the Bank's systemic importance, high asset quality, comprehensive financial services for corporate and retail clients, and strong market positions in the corporate segment. The agency emphasizes the Bank's high level of credit risk management, good liquidity, and expects to see high operational efficiency and capital adequacy growth in the Bank's performance by the end of 2023.

China Lianhe Credit Rating Co., Ltd. ("Lianhe Ratings") is one of the largest credit rating agencies in China, with a market share of approximately 30%. Founded in 2000, Lianhe Ratings is highly recognized among Chinese investors for its independent and objective credit rating services. The agency provides credit ratings for issuers from China and other countries, adhering strictly to internationally recognized standards and considering the international experience and business environment in China. Lianhe Ratings covers a vast portfolio of over 3,800 issuers, including major financial institutions such as China Construction Bank, China Development Bank Securities, Shanghai Pudong Development Bank, and others.

Furthermore, it is worth noting that Lianhe Ratings has been rating MKB since 2019.