RA “Credit-Rating” has lost the Court of First Instance against SSMSC.

April 28, 2011 the Court of First Instance rejected the claim of “Credit-Rating” LLC, on which the ex-monopolist in the market of rating services required to suspend The Decision of SSMSC № 246 of 15.03.2011.

Let’s remind that according to this Decision, on March 15 of 2011 SSMSC has recalled the status of authorized rating agency of “Credit-Rating” LLC by having prohibited it to assign ratings, which must be obtained according to the law.

Besides, after the making this decision “Credit-Rating” LLC has right to conduct independent credit rating according to the National scale, to update the assigned ratings and to determine ratings except the ratings obliged by the law.

Press service of RA “Expert-Rating”