OREANDA-NEWS. National Rating Agency has raised its reliability rating on AK BARS CAPITAL Asset Management Limited Liability Company (ABC) to 'AA-'.

The rating upgrade is driven by the positive dynamics of the company's assets under management (AuM) and our view that ABS consistently implements its growth strategy, demonstrating a strong earnings generation capacity. We also note the company's track record of successful operations, highly-skilled specialist team and strong operating standards and positively assess its ability to achieve its strategic goals and targets. The rating factors in ABC's maintained leadership in its home region in terms of AuM size, its growing capitalization and plans regarding equity increase.

The rating remains constrained by the bank's still high, albeit declining, concentration on the parent group's assets, sizable share of low-liquid assets in its total portfolio and still moderate level of capital relative to assets and in the context of its business scope.