Expert RA

What Expert RA does

Expert RA (Эксперт РА) is Russia's largest domestic credit rating agency, founded in 1997 and headquartered in Moscow as a private joint-stock company (AO «Reitingovoe Agentstvo «Ekspert RA»). The firm provides credit ratings across the Russian financial system — covering 146 banks, 28 financial companies, 33 leasing firms, 17 microfinance organizations, 9 non-state pension funds, 193 non-financial corporations, 16 holding companies, 5 project companies, 32 insurance companies, 8 life insurers, 590 bond instruments, 22 structured finance instruments, and 26 regional/municipal sovereigns — using proprietary national rating scales recognized by Russian regulators. Beyond credit ratings, the agency offers non-credit ratings (management companies, management quality, mutual fund quality, auditors, stocks), 33 ESG ratings, periodic market rankings, sector-specific analytical research, and consulting services delivered through a sister subsidiary, Expert Business Solutions (Эксперт Бизнес-Решения).

The business operates a portfolio-style revenue model. Core recurring subscription-style revenue comes from credit rating services (initial ratings, monitoring, and withdrawal actions) on multi-year contracts at custom-enterprise pricing, complemented by non-credit rating products and periodic analytical research. Adjacent professional-services revenue is generated through annual flagship conferences (Insurance Market Forum, ESG-day Conference, Bond Market Forum), bespoke sector research, ESG transformation consulting, and IR support — the latter three delivered through the Expert Business Solutions subsidiary. Distribution is direct enterprise field sales via the Client Relations Department, supplemented by a self-serve digital platform hosting the ratings database, methodology documents, ranking reports, and research archives, with no public API or SDK integration available.

Expert RA's competitive position rests on regulatory recognition of its methodologies within Russian capital markets, multi-decade brand leadership as the country's largest domestic rating agency, and an extensive content library accumulated since 1997 (1,411 banking articles, 621 insurance articles, sector rankings, and longitudinal rating histories). The technology footprint is methodology-driven rather than software-platform-driven — proprietary features include rating frameworks across banks/insurers/corporates/bonds, ESG products, monthly/quarterly rankings, and securitization transaction tools (Securitization Deal Builder and RWA Credit Risk Calculator), with no disclosed AI/ML capabilities, API, or SDK layer.

Name

Expert RA

Legal name

Aktsionernoe obshchestvo «Reitingovoe Agentstvo «Ekspert RA»

Website

https://raexpert.ru

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Expert RA (Эксперт РА) is Russia's largest domestic credit rating agency, providing credit and non-credit ratings, ESG ratings, market rankings, and sector analytics to banks, insurers, corporations, and government entities across the Russian financial system.

Ownership category

akta.pro rank

Product category

Credit Rating Services

NAICS

Credit Bureaus (561450), Credit Bureaus (56145)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Credit Scoring Models & Score Providers (FSAKAKAC)

akta.pro secondary industries

ESG Data, Ratings & Climate Benchmarks (FSAFAIAI), Credit Research (FSACAGAB), Credit Bureaus & Consumer Credit Reporting Agencies (FSAKAKAA)

Keywords

• Credit rating services
• ESG ratings
• Market analytics
• Financial rankings
• Rating methodology

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Credit Rating Services: Primary revenue stream from providing credit ratings to banks, financial companies, corporations, insurance companies, and government entities. Rating services include initial ratings, monitoring, and withdrawal of ratings.
2. Non-Credit Ratings: Ratings for management companies, ESG ratings, mutual fund quality ratings, auditor ratings, and stock ratings.
3. Analytical Research and Market Studies: Individual market research, sector studies, and macroeconomic analysis sold to clients and published regularly.
4. Business Conferences and Events: Annual forums and conferences including Future of Insurance Market Forum, ESG-day Conference, and Future of Bond Market Forum organized by Expert Business Solutions.
5. ESG Transformation Consulting: ESG transformation support services for companies undergoing sustainability transitions.
6. IR Support Services: Investor relations support services provided through Expert Business Solutions subsidiary.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Expert RA provides credit ratings for Russian banks, financial companies, insurance companies, leasing companies, non-financial corporations, bond issuers, structured finance instruments, RF subjects/municipalities, and sovereign countries using Russian national rating scales. The agency complements its credit ratings with non-credit ratings (ESG ratings, management quality ratings, mutual fund quality ratings, auditor ratings, stock ratings), periodic market rankings, analytical research publications, conferences, and tools such as a securitization deal constructor and RWA credit risk calculator.

Product overview

Expert RA operates as a credit rating agency offering a unified portfolio of rating products and analytical services. The core offering consists of credit ratings (covering banks, financial companies, insurers, corporations, bonds, and sovereign entities) and non-credit ratings (including ESG ratings, management quality, and mutual fund quality). The portfolio is complemented by market analytics, periodic rankings, conferences, and specialized tools such as a securitization deal builder and credit risk calculator. The company also provides ESG transformation consulting and IR support services. All services are delivered through the raexpert.ru platform with no documented API integration capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Ratings (Кредитные рейтинги) Main credit rating services covering banks, financial companies, leasing companies, NPF, microfinance organizations, non-financial companies, holding companies, project companies, insurance companies, life insurers, bond instruments, structured finance instruments, RF subjects/municipalities, and sovereign countries using Russian national rating scales. Used by Russian issuers and borrowers to obtain regulatory-recognized credit assessments for capital market participation.
• Non-Credit Ratings (Некредитные рейтинги) Non-credit rating services including ESG ratings, management quality ratings, mutual fund quality ratings, auditor ratings, expected debt and structured finance instrument ratings, and stock ratings. For management companies, corporates, mutual funds, auditors, and issuers seeking quality and ESG assessments outside of credit risk.
• ESG Products (ESG продукты) ESG-focused rating and analytical products supporting sustainable development assessments for Russian companies and banks. For corporates and banks seeking ESG ratings, sustainability reporting, and compliance with investor ESG requirements.
• Rating Data Export Service (Выгрузка агрегированных данных о рейтингах) Service for exporting aggregated rating data, allowing clients to download structured rating information from Expert RA's ratings database. For institutional clients, data providers, and analytics teams integrating Expert RA rating data into their workflows.
• Market Analytics and Research (Аналитика) Market research and analytical reports covering telecommunications, banking, leasing, microfinance, insurance, construction, asset management, macroeconomics, and broader financial sectors. For financial professionals, corporate clients, and institutional investors seeking sector and macroeconomic intelligence on Russian markets.
• Market Rankings (Рэнкинги) Periodic rankings of Russian banks, insurance companies, and leasing companies based on operational metrics and market performance, produced at monthly, quarterly, and annual cadences. For financial institutions, investors, and media benchmarking market positions within Russian financial sectors.
• Industry Conferences (Конференции) Annual industry conferences including the Insurance Market Forum, ESG-day Conference, and Bond Market Forum, operated through the Expert Business Solutions subsidiary. For financial sector professionals, insurers, ESG officers, and bond market participants attending as delegates or sponsors.
• Securitization Deal Constructor (Конструктор сделок секьюритизации) Online platform for constructing securitization transactions, available at constructor.expert-business.ru. For banks, issuers, and financial institutions structuring structured finance transactions in the Russian market.
• IR Support Services (IR-сопровождение) Investor relations support services for corporate clients delivered through the Expert Business Solutions subsidiary. For Russian public and pre-IPO companies seeking professional IR support to engage institutional investors.
• ESG Transformation Support (Сопровождение ESG-трансформации компаний) Consulting services supporting corporate ESG transformation processes, delivered through the Expert Business Solutions subsidiary. For Russian corporates and banks implementing ESG strategy, sustainability reporting, and compliance programs.
• Custom Research and Market Reviews (Индивидуальные исследования и обзоры рынков) Bespoke market research and sector-specific analytical reviews tailored to individual client needs, delivered through the Expert Business Solutions subsidiary. For corporate clients, financial institutions, and investors requiring tailored sector or market intelligence.

Quantifiable outcome

• 146 bank credit ratings tracked
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered key and core.

• NOTECH Association (Ассоциация «НОТЕХ»)keyStrategic or Co-development Partner · 7 July 2026Partnership for preparing rankings of technical customers (technical supervisors) in the construction engineering market. First ranking published in 2025, second edition underway. Association provides industry expertise and supports transparency in the construction engineering market. Expert RA contributes rating methodology and analytical capabilities. Project operator is Expert Business Solutions.
• Expert Business Solutions (Эксперт Бизнес-Решения)coreStrategic or Co-development Partner · 7 July 2025Expert Business Solutions is the sister company and strategic partner of Expert RA, providing complementary services including business conferences, individual research, IR support, ESG transformation consulting, securitization tools, and auditor quality ratings. Joint projects include rankings of technical customers and industry studies. Contact: +7 (499) 418-00-40, [email protected]. Legal entity: AO Ekspert Biznes-Resheniya (INN 9709112800).

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ACRA (Analytical Credit Rating Agency): ACRA is Russia's other leading domestic credit rating agency, established in 2015 as part of the post-2017 Russian regulatory reform. It directly competes with Expert RA in credit ratings for Russian banks, corporates, and bond issuers under methodologies recognised by the Central Bank of Russia.
• National Rating Agency (NRA): NRA is another Russian-licensed credit rating agency providing ratings for Russian banks, insurance companies, non-financial corporates, and regional/municipal entities. It is one of the accredited domestic agencies competing with Expert RA for the same rated universe.
• DAMFI (Interfax Group): Interfax Group operates Russian credit rating services and financial-information products directly overlapping with Expert RA's analytics, research distribution, and rating-action news flow targeting Russian financial professionals.
• Egan-Jones Ratings Company: Egan-Jones is a US-registered NRSRO rating agency covering corporates, financial institutions, sovereigns, and ESG. It is comparable as a smaller, methodology-driven credit rating agency with a diversified product set similar in spirit to Expert RA's portfolio.
• Kroll Bond Rating Agency (KBRA): KBRA is a US NRSRO covering banks, insurance, corporates, structured finance, and ESG. It is comparable as a peer in rating methodology breadth and structured-finance specialisation, paralleling Expert RA's securitization and bond rating focus.

Broad incumbents

• S&P Global Ratings: S&P Global Ratings is one of the three dominant global rating agencies (with Moody's and Fitch). Although it scaled back Russian operations under sanctions, it remains a broad incumbent whose eventual re-entry would directly compete with Expert RA's domestic franchise.
• Moody's Ratings: Moody's Ratings is a global incumbent rating agency with broader portfolio coverage across credit ratings, ESG, structured finance, and sovereigns. It exited new Russian rating actions in 2022 and is a key indirect competitor in the global investor frame of reference for Russian issuers.
• Fitch Ratings: Fitch Ratings is the third global incumbent rating agency. Like S&P and Moody's, it suspended operations in Russia; it competes with Expert RA for ratings-driven investor mindshare when Russian issuers seek offshore debt placement.

Regional players

• Scope Ratings: Scope Ratings is a Frankfurt-based European rating agency covering banks, corporates, sovereigns, and structured finance. It is comparable as a mid-sized regional peer to Expert RA in terms of methodology depth and ESG integration, although it operates in different geographies.
• ARC Ratings: ARC Ratings is a European credit rating agency focused on SMEs and mid-cap corporates across Europe. It is comparable as a peer in credit-rating methodology and ESG rating offering, though serving European rather than Russian entities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ra_expert
• YouTubeyoutube.com/channel/UCOfYASai0Meo6nLIb0OGObA
• LinkedInrutube.ru/channel/25505506

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Expert RA