Regional Rating Scale
Long-term credit ratings (over one year)
Investment grade
cisAAA
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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
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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
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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
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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.
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Speculative grade
cisBB
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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
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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
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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
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An obligor or a debt liability with cisCC credit rating is
characterised with the VERY HIGH DEFAULT POSSIBILITY.
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cisC
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An obligor is EXPECTED TO DEFAULT on its debt liabilities.
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cisSD
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DEFAULT on certain debt obligations of the issuer. Payments on other
issuer’s debt obligations are expected to continue.
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cisD
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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.
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‘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. |