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.

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.