Kapital PIF Asset Management LLC’s Reliability Rating Affirmed At ‘AAA’
OREANDA-NEWS. National Rating Agency has affirmed its ‘AAA’ reliability rating on Kapital PIF Asset Management LLC (Kapital PIF). The company was assigned NRA’s ‘AAA’ reliability rating on July 31, 2014.
The affirmation of the maximum achievable reliability rating reflects Kapital PIF’s affiliation with Kapital Asset Management Group — an entity, maintaining its leading market position. The rating benefits from the company’s favourable financial performance trends, positive profitability in the period under review and strong earnings generation capacity. It is also supported by Kapital PIF’s stable management team, good business standing and track record of successful operations in the Russian stock market.
The asset and investment low diversification by asset class and investment type, making the company’s ROA dependent on the real estate market conditions, is viewed as a rating constraint.
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