OREANDA-NEWS. 'Expert RA' rating agency assigned 'First Russian Pension Fund' PPF reliability rating А, which means high reliability; the outlook is stable. The stable outlook means high probability of maintaining the rating in the mid-term.

When 'First Russian Pension Fund' PPF was rated, the Agency regarded the high ratio of property for statutory activities and pension funds, the conservative policy of investing pension accruals and high return on investments of pension money as positive factors. The Agency's analysts also noted the active growth in the customer base and the volume of pension funds.

Super-concentration of the Fund's business on the statutory pension insurance market as well as extremely low diversification of pension accruals by management companies were the rating-restraining factors. In addition, the Agency's analysts noted the high share of terminated statutory pension insurance contracts and insignificant experience in payment of private pensions.