The AK&M Rating Agency's Methodology Committee has approved the new versions of the Credit Rating Methodology for Corporates (Issuers) and Financial Assets and the Credit Rating Methodology for Banks and their Debt Instruments

The amendments and additions incorporated in the new versions of the Agency's key methodical documents reflect the updates of criterion rules and evaluation procedures for a number of parameters including those which cannot be fully quantified. The methodology also takes account of factors indicating the quality of audits and the frequency of IFRS reports. In addition, the Credit Rating Methodology for Banks and their Debt Instruments provides for the re-adjustment (calibration) of weight numbers of specific creditworthiness indicators depending on the rated credit institution's current financial profile.

Within two months from this release, the Agency will evaluate the need to revise the credit ratings assigned to rated entities prior to the update of the methodologies.