OREANDA-NEWS. National Rating Agency has raised its reliability rating on EG Capital Partners CJSC (EGCP) to 'AA'.

The rating upgrade is driven by EGCP's substantially increased assets under management, markedly improved financial result for 2014, acquisition of a new large customer, and last year's high return on the investment of pension assets on behalf of non-state pension funds, its key customers. The rating also recognizes the improved corporate governance practices, addition of a new independent director to the company's Board, and EGCP's supportive strategic partners and customers.

The rating is constrained by the company's focus on a single business line and its concentrated customer base.