Russia’s ACRA to aim at breaking monopoly as Moody’s exits

Russia has condemned repeated investment downgrades by the US-based “Big Three” credit ratings agencies as “politically motivated” [Xinhua] Russia’s new national Analytical Credit Rating Agency (ACRA), seen as a domestic competitor to global ratings agencies, plans to issue its first ratings this year, according to CEO, Ekaterina Trofimova. ACRA applied for a license to operate in […]