OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘A’ credit rating on National Pension Administrator LLC (NPA).

The rating affirmation reflects our positive assessment of assets controlled by NPA, the company’s strong equity position and high liquidity and profitability ratios. The company consistently posts positive financial results owing to dividends received from its subsidiaries. The good quality of the NPA-controlled asset and the partners’ support, potentially increasing the value of this asset, are among the key rating strengths. The non-state pension fund, administrated by NPA and controlled by its subsidiary, has a leading market position. The rating benefits from the reduction of the company’s debt.

The rating is constrained by NPA’s high debt burden and general risks of a political nature, associated with potential changes in the Russian pension system.