Belarus, Russia may create joint credit rating agency

MINSK. Aug 27 (Interfax) - The Standing Committee of the Russia-Belarus Union State has supported a proposal to create a credit rating agency, the committee said.

The proposal was submitted by the Scientific Expert Council attached to the Standing Committee.

"A decision was made to work out the issue of forming this international financial and analytical institution of the Union State, which assigns sovereign credit ratings, with the relevant agencies," the committee said.

"Having our own platform for an unbiased assessment of financial stability will facilitate the expansion of mutual trade lending and increase investment between friendly states, reduce dependence on politically motivated assessments, and support the development of the common financial market of the Union State," it said.