OREANDA-NEWS. National Rating Agency has affirmed its 'AA-' reliability rating on SOLID Management CJSC.

The rating affirmation is based on the year-on-year consistent growth of assets managed by the company and the fact that SOLID Management's business has been profitable over the course of the last year. The company's assets under management (AuM) are highly liquid, while the investment risk is low. The rating also recognizes SOLID Management's extensive market experience, good business standing, affiliation with a large financial group and its well-balanced investment policy.

Offsetting these strengths are the company's still low capitalization and the downward dynamics of its revenue and net profit. The decreasing share of mutual funds in SOLID Management's AuM last year was due primarily to the mutual fund assets' decline in absolute terms.