Sovereign credit rating
Sovereign credit rating - a credit rating the subject of which is the Russian Federation or a foreign state, a subject of the Russian Federation or an administrative-territorial unit of a foreign state, a governmental authority of the Russian Federation or a foreign state, a governmental authority of a subject of the Russian Federation or an administrative-territorial unit of a foreign state, or a local self-government body of the Russian Federation or a foreign state, a union of states, an international financial organization and (or) their separate financial obligations or financial instruments1.
Federal Law No. 222-FZ dated July 13, 2015 "On the Activities of Credit Rating Agencies in the Russian Federation, on Amending Article 76-1 of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)" and on Declaring Certain Provisions of Legislative Acts of the Russian Federation as Lapsed". 2015, amended on July 13, 2015, Art. 2, para. 10. ↩