OREANDA-NEWS. 'Expert RA' rating agency upgraded 'Raiffeisen' PPF reliability rating to А++, with the stable outlook. The stable outlook means high probability of maintaining the rating in the mid-term. The Foundation used to have rating А+.

When 'Raiffeisen' PPF was rated, the Agency highlighted the conservative policy of investing pension accruals and placing pension reserves as well as the acceptable return on investment of pension accruals as positive factors. High diversification of pension assets by management companies was also noted.

The low ratio of PSA and pension assets, low accrued yield on placement of pension provisions were highlighted as rating-restraining factors. The moderately high share of terminated transactions under OPI as well as the low profitability on customer OPI accounts were also typical of PPF.