OREANDA-NEWS. National Rating Agency has affirmed its ‘AAA’ reliability rating on Telecom-Soyuz NSPF OJSC. The rating was originally assigned on Aug. 11, 2011 and affirmed on Sept. 4, 2014.

The rating affirmation is based on the Fund’s long track record of operations in the pension market, leading position in the non-state pension provision system, and strong key performance indicators. The rating recognizes Telecom-Soyuz’s successful transformation into a joint-stock company and the fact that it was among the first to join the national pension accumulations insurance framework. The Fund’s concentration on key customers is viewed as a risk.

Telecom-Soyuz Non-State Pension Fund was established in 1996 and has an unlimited validity license for pension provision and pension insurance business. On June 10, 2014, it was reorganized (transformed) into Telecom-Soyuz Non-State Pension Fund Open Joint-Stock Company. In 2015, it was included in the register of members of the national pension accumulations insurance framework. The

Fund is owned by O1 Group, a private investment company that owns and manages assets in a variety of industries, including the financial and real estate sectors. The company owns two other non-state pension funds, StalFund and Budushchee.

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.