Expert RA Confirmed Promsvyazbank Management Company Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'PROMSVYAZBANK Management Company' reliability and service quality rating A+, which means very high reliability and service quality. The outlook is stable.
The moderately high risk management and investment process quality, the moderately high asset management performance and the above-market growth rates for assets in management had a positive impact on 'PROMSVYAZBANK Management Company' rating. High capital adequacy in relation to operating costs, low infrastructural risks and high information transparency also had a positive impact on the rating.
Low diversification of the Management Company's equity, low RoA and absence of SRO membership were highlighted as the rating-restraining factors by the Agency's analysts. The poorly-diversified and narrow customer base, low diversification of business and assets in management were also typical of the Company.
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