trending Market Intelligence /marketintelligence/en/news-insights/trending/hKIC3ftrMF4pX6OtDc48hg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Russia to soften credit rating rules for bank guarantee issuers

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Report: Russia to soften credit rating rules for bank guarantee issuers

The Russian finance ministry plans to soften new credit rating requirements for lenders issuing guarantees for state contracts, which were supposed to come into force next year, RBC reported March 21.

The new rules, put forward by the ministry in April 2018, will raise the minimum credit requirements for bank guarantee issuers by three notches to BB- starting from January 2020. However, the ministry has tightened the requirements gradually by one notch per year, arguing that lenders need time to adjust, RBC said, adding that the change will particularly benefit smaller banks.

Under existing requirements, Russian lenders issuing bank guaranties for state contracts need to have capital of at least 300 million Russian rubles and a rating of at least В-(RU) assigned by Russia's Analytical Credit Rating Agency or ruB- assigned by Expert RA. State-controlled lenders, including PAO Sberbank of Russia, VTB Bank PJSC and AO Gazprombank, hold a market share of around 60% in terms of the value of issued bank guarantees, and the share would increase to 80% if the previous, stricter version of the new rules were to be enforced, the report said.