On Bank of Russia adjustment ratios
Starting 18 December 2014, the adjustment ratio of market value of bonds of constituents of the Russian Federation, municipal bonds, bonds of resident legal entities of the Russian Federation, including bonds of the open joint-stock company Agency for Housing Mortgage Lending, and mortgage-backed bonds, when calculating the value of collateral on Bank of Russia loans are as follows:
at the rate of 0.95:
for bonds of the open joint-stock company Agency for Housing Mortgage Lending, bonds of constituents of the Russian Federation, municipal bonds, bonds of resident legal entities of the Russian Federation, whose issuers (issues) are internationally rated at the level of at least BBB- under the classification of Standard & Poor’s or Fitch Ratings or Baa3 under the classification of Moody’s Investors Service;
at the rate of 0.9:
for bonds of constituents of the Russian Federation, municipal bonds, bonds of resident legal entities of the Russian Federation, whose issuers (issues) are internationally rated at the level of at least BB- under the classification of Standard & Poor’s or Fitch Ratings or Ba3 under the classification of Moody’s Investors Service and not higher than BB+ under the classification of Standard & Poor’s or Fitch Ratings or Ba1 under the classification of Moody’s Investors Service;
for mortgage-backed bonds;
at the rate of 0.8:
for bonds of constituents of the Russian Federation, municipal bonds, bonds of resident legal entities of the Russian Federation, whose issuers (issues) are internationally rated at the level of at least B- under the classification of Standard & Poor’s or Fitch Ratings or B3 under the classification of Moody’s Investors Service and not higher than B+ under the classification of Standard & Poor’s or Fitch Ratings or B1 under the classification of Moody’s Investors Service.
The Bank of Russia can set the adjustment ratios different from the aforementioned for certain issues of securities.
The reference to the Press Service is mandatory if you intend to use this material.
17.12.2014 00.00.00