Expert RA Confirms Central Rostov Depositary Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Central Rostov Depositary' reliability (long-term creditworthiness) rating A, which means high reliability (long-term creditworthiness), with the rating sublevel upgraded from the third to the second. The outlook is stable, which means high probability of maintaining the rating in the mid-term.
The high ratio of equity to the fair market value of the securities accepted for depositary servicing, acceptable risk management and absence of debt had a positive impact on the rating.
Low customer base diversification and low profitability of the core line of business in 2013 were regarded as the rating-restraining factors.
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