Valery Petrov, a member of the expert council of the Russian Association

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Freedom Finance Global analyst Vladimir Chernov believes that the creation of a rating of digital assets will allow assessing the credit quality and risks of digital financial assets, since they represent a wide class of financial instruments that can have both debt and hybrid characteristics.

of Cryptoindustry and Blockchain, ecuador whatsapp resource commented: "ACRA's initiative is timely and very useful. Against the backdrop of an increasing number of information system operators who have the right to work with digital financial assets, it is likely that the number of instruments based on them will also increase. Due to the fact that there are many types of digital financial assets, various requirements may be created for their issue. For example, conditions for capital or for the issuer. It is important for investors to have a benchmark for the credit quality of the instrument. However, this rating should be considered a pilot one, since it is too early to talk about the reliability of the DFA due to insufficient experience. Due to the fact that the reliability of the DFA is affected by the quality of the DFA services, the accuracy of such a rating will increase over time. However, it was necessary to start somewhere. The sooner such statistics are collected, the more accurate these ratings will be in the future."

Artem Tuzov, Director of the Corporate Finance Department of the investment company IVA Partners, explained that the essence of this financial instrument may not be transparent to individuals, since the CFA is issued both as a debt instrument and as a hybrid instrument with a complex structure for servicing financial flows. "Therefore, the availability of a rating for the CFA and its issuer may be a determining factor in attracting a wide range of investors to the market. Such a rating is necessary, and it is very good that ACRA was the first rating agency to work on this issue and create a rating methodology. It remains to convince the issuers of CFAs themselves to pay for such a rating. CFAs are positioned as a cheap way of financing, in which the costs of obtaining a rating from ACRA may be too high," Artem Tuzov explained.

ACRA, the Bank of Russia, Ak Bars Bank, Qiwi Bank, Gazprombank, Sovcombank, Promsvyazbank, DOM.RF Bank, Alfa-Bank and VTB did not respond to questions from a ComNews correspondent.