OREANDA-NEWS. May 29, 2015. National Rating Agency has raised its national scale credit rating on Otkritie Capital Cyprus Limited (OCCL) to ‘AA’.

The more than a one notch rating upgrade reflects both changes in NRA’s rating methodology and factors, such as the distinctly favorable trends in the company’s 2014 operational and financial performance, OCCL’s conservative approach to liquidity and funding management, track record of consistent and regular revenue generation and high profitability. The rating recognizes OCCL’s affiliation with one of Russia’s largest financial groups, as well as high operational standards and effective risk management practices, upheld by the group as a whole.

The rating is constrained by the company’s business and revenue being heavily reliant on income from securities transactions and resultant dependence on financial instruments’ performance and financial market conditions.