__________________________________ ?????????? ?????????? ?????? ???????????, ?????????? ?????????? ??????????? ??????? Richard Hainsworth, CFA

1
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??????????? ???????? ? ???????? ?????????????? ??
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• __________________________________??????????
  ?????????? ?????? ???????????,??????????
  ?????????? ??????????? ???????Richard
  Hainsworth, CFA
• ????????? RusRating2 ??????? 2011 ?.

2
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Moodys SP Fitch
????? ? ????
????????? ??????? A2 A A
??????????? ??????? 1 150 1 150 1 150
????? ? ??????
????????? ??????? B1 B B
??????????? ??????? 1 5 1 5 1 5
????????? ????????? ???????? ???????? ??
????????????? ?????????? ??????????? ??????? ??
???????????? (5-? ?????? ????????)
??????? ?? ???????????? ?????? ? ?????? ????????
?????? ?? ????????? 5 ???? ?1 5 ?
3
????????????????? ?? MBS ?????????
??????????????? English
4
?????????? ??????????????? ???? ?????????
????????????? 2010!
5
?????????? ??????????????? ???? ?????????
????????????? 2010
6
?????? ???????????? ????????? ?????? ??????
???????
???????? ??????? ???? ( ??????????? ??????? ??
???????? ??????)
7
????????? ??????? ????? ???????? ?????????????
? ??????? ?????(BIC Data)

• ? ??????? ??? ???????? ???????????
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8
Contacts

• Richard Hainsworth, CFA
• President RusRating
• richard_at_rusrating.ru
• www.rusrating.ru/en