OREANDA-NEWS. National Rating Agency LLC has affirmed its ‘BBB+’ reliability rating on Piter Trust Investment Company CJSC (Piter Trust). On July 7, 2009, the company was assigned NRA’s ‘BB+’ rating, which was raised to ‘BBB-’ on June 11, 2010 and to ‘BBB+’ on Oct. 1, 2013. The rating was affirmed at ‘BBB+’ on Dec. 16, 2014.

The rating affirmation is driven by the company’s stable customer base, considerable stock market experience and its stable and competent management team. NRA views positively Piter Trust’s portfolio turnover dynamics. The company’s financial condition this year is assessed as stable, with key financial performance indicators staying at the last year's level or being a little bit higher (the liquidity position has somewhat improved, and the equity-to-total-assets ratio remained on the growth path), and its operations are profitable, as before.

The rating continues to be constrained by the company’s low profitability and high customer base concentration. The fact that Piter Trust’s owners do not have other large sources of revenue to support the company is also regarded 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.