Standard & Poor's has completed its purchase of a majority stake of its affiliate EA-Ratings, the independent Russian credit rating firm.
The firm will be renamed Standard & Poor's EA-Ratings.
Executive vice-president of S&P Vickie Tillman said: "Our purchase of a majority stake in EA-Ratings reflects our global commitment to expansion in key markets, as well as our long-term commitment to Russia."
S&P has also launched a new service - Standard & Poor's Russia National Credit Ratings. This service will include a scale to far more accurately measure credit quality than has previously existed in Russia.
