OREANDA-NEWS. National Rating Agency LLC has affirmed its reliability rating on Piter Trust Investment Company CJSC (Piter Trust) at 'BBB+'.

The rating affirmation is driven by the company's stable customer base, considerable stock market experience and stable and competent management team. This year, some of Piter Trust's financials are on a positive trajectory, its liquidity position has strengthened and equity-to-total assets ratio has risen owing to reduced liabilities. We also note Piter Trust's consistent revenue generation, although the profitability metrics are low.

Conversely, the company's business volume stagnation, albeit in line with the stock market trend, pressures the rating, along with the modest profitability and high customer base concentration. Another constraint is the fact that Piter Trust's owners do not have other large sources of revenue to support the company.