OREANDA-NEWS. National Rating Agency has lowered to ‘BBB-’ and withdrawn its reliability rating on SberFund Solnechny Bereg NSPF JSC (SFSB) after the company chose to stop maintaining a public rating.

The rating downgrade is based on the fact that NRA is unable to assess the SFSB’s business prospects reliably, as it has not been provided information about the transfer of pension savings to other non-state pension funds, which might have substantially reduced the amount of pension assets under SFSB’s management, and about the breakdown of SFSB’s pension investments.

On June 4, 2015, National Rating Agency assigned an indefinite outlook to its reliability rating on SFSB, affirmed the rating at ‘A+’ and placed it on the Watchlist.