OREANDA-NEWS. National Rating Agency (NRA) has placed its national scale 'BBB+' credit rating on Reserve Trust Company CJSC (RTC) on its Watchlist with indefinite implications. RTC was assigned NRA's first-time 'BBB-' credit rating on May 30, 2012. The rating was re-affirmed each consecutive year (the latest rating action dates Oct. 7, 2015).

The company's credit rating has been under review from the time of its Watchlist placement. In fact, the rating has not been suspended, but the Watchlist placement indicates a high probability of near-term rating actions on the company, including the rating affirmation, downgrade by one or several notches, suspension or withdrawal, as well as the rating outlook revision.

The Indefinite outlook is based on the changes in RTC's ownership structure and associated restructuring of assets that have been reflective of the company's creditworthiness. NRA views the uncertainties around RTC's operational activity, financial policy and corporate governance as a risk that warrants the Watchlist placement.