Batchuluun Lkhagvaa

The Analytical Credit Rating Agency JSC (ACRA) is an independent credit rating agency headquartered in Moscow, Russia. Founded in 2015, the firm aims to provide high-quality rating and analytical products to participants in financial markets on both the national and international levels. ACRA assigns credit ratings to a variety of issuers and issues. It also provides additional non-rating services in the field of credit analysis.

Moody's Investors Service Ltd. is the Great Britain-based investment research subsidiary of Moody's Corp. (NYSE: MCO) in the US. The firm was founded in 1985 under the name Rapidcredit Ltd. Headquartered in London, Moody's Investors Service provides credit ratings, research, and risk analysis. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.