OREANDA-NEWS. National Rating Agency has affirmed its 'AAA' reliability rating on OOO Raiffeisen Capital Asset Management Company (RCAMC).

The affirmation of the highest attainable reliability rating reflects the company's rising market share in open-end funds, the inflow of new customers, the growth of assets under  management (AuM) across all business units (with the exception of Raiffeisen NSPF's withdrawn pension savings).

NRA note the improving asset diversification by large customer and RCAMC's strengthening financial performance (solid track record of growing revenue and profit), enhancing its profitability. The rating also recognizes RCAMC's experienced and competent personnel, extensive regional network and high operational standards. Another positive rating factor is its affiliation with the strong Raiffeisen financial group and ability to capitalize on the parent's resources.

These strengths are partly offset by the reduced pension savings (RCAMC's only business line to record AuM decrease in 2014) resulting from the withdrawal of Raiffeisen NSPF's assets) and RCAMC's weak capitalization relative to the size and level of risks assumed and the degree of AuM diversification.