National Rating Agency Confirmed Veles Capital IC Rating, Level AA
OREANDA-NEWS. On 02 February 2009 was announced, that National Rating Agency confirmed Veles Capital IC individual reliability rating, level AA (very high reliability, second level).
NRA analysts pointed out that “Veles Capital responds negative market trends operatively, has relevant risk-management and anti-recessionary system”.
According to the agency press-release Veles, Capital’s financial figures based on the 2008 results remains stable and level of liquidity is relevant to the current business purposes. Veles Capital clients are large individual and corporate investors and the clients base remains stable even in the last financial year.
"Veles Capital is one of the largest Russian investment companies and renders full range of financial services in Russia, foreign markets and OTC market, - the agency experts write in the press-release, - The company’s main activities are operations with promissory notes and bonds. The company is one of the leaders on promissory notes market (the first place on promissory notes turnover in 2007 – 1,3 trn RUR), is rated amongst TOP-3 of largest bond market operators (the results of 2007) and amongst TOP -20 of largest stock market operators (results of 2007). Veles Capital is also rated in NRA TOP-10 ranking of investment companies on total turnover”.
“Among Veles Capital’s strategic planes are: consolidation of positions on debt market, expansion on Eurobond market, M&A market. Increase and diversification of company’s clients base”, - said NRA analysts.
Veles Capital has been operating on the Russiaт financial market since 1995. The following companies are united in Veles Capital group: Veles Management asset management company, Veles Capital Development (construction and development in Russia and abroad), Veles Lex (law consulting), Veles Personnel (HR-consulting), Veles Leasing, subsidiary companies in Russia and Cyprus.
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