OREANDA-NEWS. National Rating Agency has affirmed its credit ratings on Otkritie Capital International Limited (OCIL) on national scale at 'AA' and on global scale at 'iBBB-'. The ratings fall into the "Holding and Financial Companies" section of NRA's rating list.

Factors underpinning the ratings include OCIL's strong profitability, stable financial performance, high diversification by business line, and good-quality proprietary investment portfolio. The company's transparency and affiliation with one of Russia's largest financial groups are additional rating strengths. The rating is constrained by the Russian Federation's macroeconomic risks and the Russian stock market's volatility.

Otkritie Capital International Limited (the Company) was incorporated in December 2002 and was known as ABC Clearing Limited until late August 2007. In 2007, it was purchased by OTKRITIE Financial Corporation (renamed Otkritie Holding OJSC in June 2014) and changed its name to Otkritie Securities Limited. In 2014, the company was renamed Otkritie Capital International Limited. OCIL has its registered office in London, UK and runs offices in Moscow and New York. It operates under the UK law and is regulated by the Financial Conduct Authority (FCA). Its New York-based subsidiary is supervised and controlled by the U.S. Securities and Exchange Commission (SEC).

The company is part of Otkritie Group with flagship entity Otkritie Holding (NRA's credit rating of 'AA+') and is wholly owned by Otkritie Capital LLC (NRA's credit rating of 'AA'). The group's key business areas are providing banking services (through Otkritie FC Bank, Khanty-Mansiysk Otkritie Bank and Petrocommerce Bank), investment services (Otkritie Capital and Otkritie Broker), asset management solutions (Otkritie Asset Management) and other services.

Otkritie Holding's largest shareholders are Vadim Belyaev, IFD Kapital Group, VTB Bank, Ruben Aganbegyan, ICT Group shareholders, LUKOIL-Garant NPF and Alexander Mamut.

Otkritie Holding's investment banking arm, operating under the "Otkritie Capital" brand, specializes in brokerage services, margin financing and analysis and provides advanced technological access to trading platforms to Russian and international investors.