Reliable companies began to reduce ratings more often
Large Russian companies, which banks traditionally considered the most reliable borrowers, are increasingly facing deterioration in credit quality. For the first nine months of 2026, downgrades accounted for 8.1% of the rating actions of Expert RA for real sector companies with a ruA- rating and higher, according to the agency’s review (Vedomosti has). For the whole of 2025, this figure was only 1.8%, in 2024 - 4.3%. Another 5.6% of the actions were due to the deterioration of forecasts and the establishment of the status of “under observation”.
Large Russian companies, which banks traditionally considered the most reliable borrowers, are increasingly facing deterioration in credit quality. For the first nine months of 2026, downgrades accounted for 8.1% of the rating actions of Expert RA for real sector companies with a ruA- rating and higher, according to the agency’s review (Vedomosti has). For the whole of 2025, this figure was only 1.8%, in 2024 - 4.3%. Another 5.6% of the actions were due to the deterioration of forecasts and the establishment of the status of “under observation”.
