OREANDA-NEWS. National Rating Agency has withdrawn its financial reliability rating on Prospect Finance (Russian Cyrillic: Перспектива Финанс) Asset Management LLC due to expiry of the contract.

The withdrawn rating has not been affirmed, as NRA has not been provided sufficient information, needed to apply its methodology in accordance with Article 12, Clause 5, of federal Law # 222-FZ 'On the Activities of Credit Rating Agencies in the RF'. NRA's first-time financial reliability rating of 'AA-', falling into the "Asset Management Companies" section of NRA's rating list, was assigned to Prospect Finance on Apr. 30, 2014. The latest rating action (the 'AA-' rating affirmation with a stable outlook) was on Aug. 12, 2015.

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