Importance Under modern conditions of geopolitics and economic integration of Russia into the world economy, an adequate rating of the country and its economic entities, primarily, of commercial banks, becomes particularly significant. Objectives The objective of the study is to create a synthetic model to rate commercial banks, which will integrate the benefits of modern advanced techniques. Methods We applied a retrospective analysis, calculation method, and survey method to reveal modern international and domestic rating-related problems, primarily, rating of banks, as well as advantages and disadvantages of major Russian techniques. Results The created synthetic model for commercial bank rating includes the following components: capital adequacy, asset quality, level of business activity, external and internal factors of support, market position, liquidity evaluation, strategy and risk management, financial stability, external stressors, and customer insight. We tested the model on cases of Sberbank of Russia, Alfa-Bank, and Russian Standard. The tests confirmed high value of the model. Conclusions We unveiled certain problems associated with rating, including conflict of interests, biased assessments, rating agencies abuse, lack of responsibility for assigned rating, lack of mechanism to challenge the assigned rating, non-availability of single legal framework for activities of rating agencies and regulators. A solution to the problems may be a powerful legal framework capable to settle possible conflicts between the rating market participants. The single rating space will help avoid the subjectivity of assessments.
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