Pensionnaya Sberegatelnaya Kompaniya's Reliability Rating Withdrawn
OREANDA-NEWS. National Rating Agency has withdrawn its reliability rating on Pensionnaya Sberegatelnaya Kompaniya (Pension Savings Company) LLC due to expiry of the rating contract. The company has been assigned an exit rating of 'A+' based on the results of its analysis as of June 30, 2015.
Founded in 2002, Pensionnaya Sberegatelnaya Kompaniya focuses on managing pension assets. At the end of 1H 2015, pension savings managed on behalf of non-state pension funds (NSPFs) totaled RUB38.1 billion, or 82% of its total assets under management (AuM), while pension reserves, at RUB8.4 billion, represented 18% of total AuM.
The company was assigned NRA's 'BBB+' reliability rating on Nov. 30, 2010. The rating was upgraded each consecutive year and reached 'A+' on Sept. 27, 2013. It was affirmed at this level on Dec. 10, 2014.