OREANDA-NEWS. National Rating Agency has placed its' AA' financial reliability rating on BCS AM JSC on its Watchlist with positive implications. BCS AM JSC was assigned NRA's first-time 'A' rating on Sep. 28, 2009. The latest rating update (the financial reliability rating upgrade to 'AA /Stable') was on Dec. 8, 2015. NRA's financial reliability rating on BCS AM JSC will be under scrutiny from the time of its Watchlist placement. A Watchlist placement does not mean that the rating has been suspended (NRA's 'AA' rating on the company will be in force till it has been withdrawn or updated after a revision process).

Founded in 1998, BCS AM JSC specializes in the management of mutual funds' assets, pension assets, insurance reserves and individual securities portfolios. The company is part of BrokerCreditService Group that has been in the Russian market since 1995.

Currently, the Group has a leading position in the Russian brokerage market, while its member companies are engaged in asset management, banking and depository services and offer access to international financial markets. BCS FG's beneficiary owner is Oleg Mikhasenko.