ACRA FINANCIAL STRESS INDEX FOR RUSSIA

The index assesses the proximity of the Russian financial system to a crisis. The boundary of the system’s transition to a state of crisis is 2.5 points. The ACRA FSI methodology is based on the assessment of external manifestations of stress (indirect method).

Index calculation principles

Related research reports

Name

Date

ACRA Financial Stress Index: similarities and differences between the current situation and the crises of 2008–2009 and 2014–2015

An article by ACRA analysts Vasilisa Baranova and Dmitry Kulikov for Cbonds

25 May 2020

The spread of COVID-19 and the fall in oil prices are worsening the economic situation and the creditworthiness of Russian issuers

An overview of the situation in various segments of the economy

17 Mar 2020

Global risks in the financial system have increased, but it is still too early to talk about a crisis

An analysis of how the coronavirus and the collapse of OPEC+ talks are affecting financial stress indices for Russia and other countries

13 Mar 2020

Spread of coronavirus in China may affect Russian air passenger market

In case the coronavirus outbreak lasts for long, it may impact some air carriers and affect Asia transit target indicators in 2020

27 Jan 2020

Banking system to remain stable amid slow economic growth

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14 Oct 2019

World trade tensions may escalate to economic downturn by late 2019

Russia 2023 Economic Outlook Update and Alternative Scenarios

23 Jul 2019

Financial Stress Index

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COMMENTARY

Starting March 18, 2022, ACRA is suspending the calculation of the ACRA Financial Stress Index due to the unavailability of market data that forms an important part of the information base of the index. ACRA plans to resume publication of the index after reviewing the set of data used. The archive…

18 Mar 2022

A year has passed since the Financial Stress Index peaked. On March 18, 2020, the ACRA FSI reached its highest value in the past five years — 4.5 points — while in general high index values (more than 2.5 points) were recorded from March 9 until April 30 due to the restrictions introduced in Russia …

18 Mar 2021

ACRA has updated the set of crude oil forward prices (used in calculating the ACRA FSI) from January 1 to February 24, 2021, which has led to a relevant adjustment of the financial stress index values for Russia. The maximum absolute difference between the old and updated index values since January…

25 Feb 2021