Ratings
Detailed information on Russian Agricultural Bank credit ratings
On 12th of August 2025, National Credit Ratings Agency (NCR) has affirmed the credit rating of Russian Agricultural Bank (hereinafter referred as ‘RusAg’ or ‘the Bank’) at the AA+.ru level with a ‘Stable’ outlook.
The affirmation reflects RusAg’s continued leadership in lending to the agricultural sector and high systemic importance to the Russian economy. NCR notes the Bank’s strong market position in its core segment – agricultural lending. RusAg accounts for more than a third of the total loan portfolio in this segment, including approximately 76% of the market of seasonal fieldwork loans.
https://www.ratings.ru/ratings/issuers/RSHB/
Note: Established in early 2019, National Credit Ratings (NCR) is a wholly owned subsidiary of RBC, a major Russian media group. The Bank of Russia added NCR to the list of accredited ratings agencies in September 2019. Using the most rigorous criteria, NCR rates financial institutions and insurers, corporates of all kinds, holding companies, local and regional governments, and debt obligations. Following best global practices, NCR has set new transparency standards for the Russian ratings industry and instituted several innovations to promote clarity, knowledge and better understanding for the entire community.
On 22nd of January 2025, ACRA affirmed the credit rating of Russian Agricultural Bank at AA(RU), with a “stable” outlook, as well as the credit rating of senior unsecured debt and subordinated perpetual bonds. The credit rating of RusAg reflects the high likelihood of extraordinary government support, if needed, due to the bank’s status as one of the leaders in supporting operations in the agricultural sector of the Russian Federation, its high systemic importance, significant amount of funds held by individuals, and the government’s involvement in forming the Bank’s strategy and operations.
The Agency also highlights the Bank’s strong franchise in the market, its high income compared to previous periods, ongoing reduction of non-performing loans and high-risk loans, and its balanced funding structure.
Note: ACRA is one of the biggest Russian authorized credit rating agency, founded in 2015. ACRA operates in compliance with the latest regulatory requirements and best global practices. The Agency’s main objective is to provide high-quality rating and analytical products to participants in financial markets on both the national and international levels.
On 23rd of June 2025, China Lianhe Credit Rating (hereinafter - Lianhe Ratings) has upgraded the long-term Chinese national scale credit rating of Russian Agricultural Bank (hereinafter - RusAg or the Bank) by 2 notches to the highest rating - ‘AAA’, with a Stable outlook.
Lianhe Ratings considered the Bank’s 100% government involvement and its strategic importance to the Russian Federation. As one of Russia's systemically important banks, RusAg plays a critical role in supporting national economic development and ensuring financial stability. The agency also notes the stable and improving financial performance, including the growth of its loan portfolio, asset quality and operational efficiency.
Note: China Lianhe Credit Rating is the leading credit rating agency in China, which holds more than 30% of the market share in its industry. Lianhe Ratings strictly adheres to international rating agency standards and is widely recognized by market participants. The agency has about 400 analysts covering more than 2000 issuers, including such major financial institutions as China Construction Bank, ICBC, Bank of China, Agricultural Bank of China, CITIC Bank and others.