Renaissance Broker’s Credit And Reliability Ratings Affirmed At ‘A+/AAA’
The rating affirmation for Renaissance Broker is based on its improving key financial performance indicators, growing gross turnover and good-quality assets. The company maintains a solid growth pace and strengthens its risk management systems. We give credit to Renaissance Broker for the ability to honour its obligations. We also note its strong competitive position; the company’s well-established relations with large and well-known institutional clients help offset the retail brokerage risks and bring down operational and other expenses. The company has a professional management team and a long track record of successful operation in the stock market. In our opinion, Renaissance Broker demonstrates strong corporate governance practices and has an up-to-date organizational structure that helps minimize the operational and business risks.
We note the company’s above-average, albeit somewhat declined, balance-sheet liquidity and still strong creditworthiness.