OREANDA-NEWS. National Rating Agency has assigned an indefinite outlook to its reliability rating on SberFund Solnechny Bereg NSPF JSC (SFSB). At the same time, the rating was been affirmed at 'A+' and placed on the Watchlist.

After the Watchlist placement with indefinite implications, SFSB's rating will be under scrutiny till June 17, 2015. NRA will monitor the situation and take appropriate rating action depending on further developments. The outlook revision is based on the fact that it is currently impossible to assess the Fund's business prospects reliably after its failure to fully perform its obligation to transfer pension savings under its management to other non-state pension funds by May 31, 2015 (NRA will be measuring the size of these obligations) and due to potential reduction of SFSB's pension assets.

According to the Fund's management, the major part of the pension savings slated for transfer have already been handed over to other NSPFs, and the transfer process will be completed within two weeks.

A rating's placement on the Watchlist is different from withdrawal; and SFSB's reliability rating of 'A+' will stay in effect until NRA withdraws or updates it.