Nanotechnology Now

Heifer International

Wikipedia Affiliate Button


Home > Press > RUSNANO Gets International Credit Rating

By RUSNANO's request, Standard & Poor's has issued international credit ratings for the Corporation. The Agency's Rating Service assigned a long-term ВВ+ credit rating, a ruAA+ Russian scale rating, and stated that the outlook is negative. Such a forecast for RUSNANO's ratings reflects the outlook on Russia's* sovereign rating and will depend on its dynamics in the future.

RUSNANO Gets International Credit Rating

Moscow, Russia | Posted on June 4th, 2009

Receiving a credit rating is in line with an ongoing effort of RUSNANO to pursue a policy of transparency in interacting with financial institutes. Previously, RUSNANO introduced a treasury system for executing its budget for project companies and a public selection procedure for banks to provide idle cash and investable funds management and control. All this is aimed at expanding RUSNANO's potential for attracting investors for projects in the nanoindustry, including credit and financial organizations.

To issue RUSNANO's credit ratings, Standard & Poor's accounted for RUSNANO's financial highlights, such as income and expenses, debt level, investment plans, as well as potential financial support from the Russian Government.

Currently, RUSNANO's level of liquidity is estimated as high. This figure may be revised, however, after the implementation of planned investments and the planned return of 85 billion rubles of idle cash to the Russian budget at the end of 2009. According to the CRA, it is because of this, as well as uncertainty in RUSNANO's further funding that underlie the three-grade difference between the corporate and sovereign national currency debt ratings.

It is expected that RUSNANO's funding for 2010-2014 will be provided by annual contributions from the Federal Budget. According to Standard & Poor's, the amount of state appropriations as well as their timely nature will be essential in determining RUSNANO's liquidity index and credit ratings.

* Russia's foreign currency sovereign dept rating is ВВВ/Negative/А-3; national currency sovereign dept rating is ВВВ+/Negative/А-2


Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law № 139-FZ to enable Government policy in the field of Nanotechnology. To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector. RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term foresight created by the leading Russian and world experts. To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.

For more information, please click here

Anna Fradkova
international press-office
+ 7 (985) 729 98 60

Copyright © RUSNANO

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Pens filled with high-tech inks for do-it-yourself sensors March 3rd, 2015

Black phosphorus is new 'wonder material' for improving optical communication March 3rd, 2015

Heightened Efficiency in Purification of Wastewater Using Nanomembranes March 3rd, 2015

UC research partnership explores how to best harness solar power March 2nd, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Silicon Catalyst Announces Partnership With imec to Support Semiconductor Start-Ups February 23rd, 2015

Ligar secures investment from Wallace Corporation to commercialise polymers that pick out good and bad molecules: Ground-breaking science innovation removes molecules in the wrong place from liquids February 15th, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Raises an Additional $29 Million (CAD), Closing 2014 Financing at $62 Million (CAD) February 2nd, 2015

Ref signals deep impact as EPSRC announces 30 million for impact acceleration accounts (IAA) January 21st, 2015


Black phosphorus is new 'wonder material' for improving optical communication March 3rd, 2015

New nanodevice defeats drug resistance: Tiny particles embedded in gel can turn off drug-resistance genes, then release cancer drugs March 2nd, 2015

Forbidden quantum leaps possible with high-res spectroscopy March 2nd, 2015

Researchers turn unzipped nanotubes into possible alternative for platinum: Aerogel catalyst shows promise for fuel cells March 2nd, 2015


Pens filled with high-tech inks for do-it-yourself sensors March 3rd, 2015

Black phosphorus is new 'wonder material' for improving optical communication March 3rd, 2015

Heightened Efficiency in Purification of Wastewater Using Nanomembranes March 3rd, 2015

Important step towards quantum computing: Metals at atomic scale March 2nd, 2015

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project

© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE