OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Non-State Pension Fund Stalfund reliability rating A+ ("Very high level of reliability"). The rating outlook is "stable".

In the course of the ranking of NPF Stalfund the Agency highlighted medium high level of capital adequacy to pension accruals ratio, high size dimensions of the Fund, in particular, by number of the insured and volume of pension accruals as well as moderately conservative policy of investing of pension accruals and placing pension reserves as positive factors.

Low liquidity of pension reserves investment and low diversification of capital structure of the Fund were named as rating restraining factors. Expert RA is Russian rating agency working on a global scale, incorporated in 1997 by Expert magazine. Expert RA is a true market leader in ratings and survey-communication activity.

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