OREANDA-NEWS. National Rating Agency (NRA) has withdrawn its reliability rating on Aurora Capital Management AM LLC due to expiry of the contract. The rating is withdrawn without affirmation, and no exit rating is assigned, as information required to undertake these rating actions in accordance with NRA’s criteria is unavailable.

The absence of information required for the rating update process, the company’s refusal to provide it, and NRA’s inability to get it in the future, when the rating surveillance process discontinues due to expiry of the contract makes it impossible for NRA to apply its criteria and assign an exit rating.

Founded in 2010, Aurora Capital Management AM specializes in managing the assets of open-end funds. On Aug. 11, 2014, the company was assigned a reliability rating of ‘AA-’, which was affirmed, with outlook revised to negative, on Dec. 9, 2014.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.