OREANDA-NEWS. Standard&Poor’s rating agency confirmed Veles Capital’s international credit rating “B/B“, stable forecast. Rating on Russian National Scale confirmed on “ruA-“ level.

Among the positive factors, contributed to rating confirmation S&P’s analysts pointed out strong capitalization, an adequate liquidity position, stable management with a conservative strategy and the ability to generate relevant financial results amid market turbulence.

“We view Veles' capitalization as strong and a key positive rating factor. The ratio of total equity to assets has consistently exceeded 50% since 2009. We understand the owners are willing to keep capitalization at the current levels, at least in the medium term”, - S&P analysts said in year report.

“Rating confirmation amid market turbulence demonstrates that the company’s strategy is adequate. Veles Capital has always been holding the conservative approach to investment proses, choosing low risk assets for a long-term investment period. This approach contributes to company’s high capitalization and helps our clients to gain their investment goals effectively” – said Alexey Gnedovskiy, Veles Capital’s CEO.

Veles Capital operates on the Russian financial market since 1995 rendering investment services on equity markets for large corporate and private investors. Veles Capital group unites investment companies in Russia, Ukraine and Cyprus; Veles Management and VELES TRUST Asset Management companies; Veles Capital Investment Group, specializing on private equity and M&A consulting; Veles Development company (real estate investments).

Standard & Poor’s as a part of The McGraw-Hill Companies is the acknowledged leader in credit rating analysis. S&P operates in 23 countries holding leading market positions and giving investors the independent indicators for decision making proses. Today only two Russian investment companies are rated by S&P.