AmRating opens its web site

Arminfo
2007-03-16 15:02:00

Today AmRating, the national rating agency of Armenia, opened its
web-site – The agency is part of Global Rating Group,
a network comprising national rating agencies established by Richard
Hainsworth: AmRating in Armenia, RusRating in Russia and KzRating in
Kazakhstan.

The press service of Global Rating Group reports that shortly the
Group will embrace the national rating agencies of Azerbaijan
(AzeriRating), Ukraine (UaRating) and Kyrgyzstan (KgRating). The key
objective of the Group is to form a network of national rating
agencies operating in the CIS, to promote national brands, to
strengthen the positions of national rating agencies in their
countries.

Global Rating Group will coordinate the activities of daughter
agencies, foster business contacts among financial institutions of
different countries, help to attract investors in banking sectors,
offer subscription for analytical reports on banks and surveys of
banking sectors.

The formation of national rating agencies in the CIS will give profit
to local banks, their clients, partners and pontetial investors, says
Richard Hainsworth, the director general of Global Rating Group and
the director of all rating agencies of the group. National agencies
will employ only native specialists – this is the principle of the
group.

To note, AmRating has prepared its first analytical product, Survey of
Banking System of Armenia: analysis of the state, risks and
development problems of the banking system of Armenia, its leading
banks and their investment appeal.

To remind, the first successful project of Hainsworth was RusRating,
an agency that has been working in Russia for over 5 years. Its rating
list comprises almost 50 banks and a number of leasing
companies. KzRating was set up in Mar 2005.