OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘A+’ and global scale 'iBB' credit ratings on BCS Prime Brokerage Limited (UK). The rating falls into the «Holding and Financial Companies» section of NRA's rating list on account of the company's basic business model.  BCS Prime Brokerage Limited holds license #586463, dated 19th June, 2013, from FCA (the Financial Conduct Authority responsible for prudential supervision of financial institutions in the United Kingdom),

NRA views positively the company's achievement of positive financial performance, its strong profitability metrics and consistently high credit solvency level. The company has a well-conceived strategy, while its management team has a good understanding of its work tasks and objectives and how to achieve them. The rating is also supported by the high equity level, rising customer count and increasing value of customer assets and trading volumes.

The rating is constrained by BCS Prime Brokerage Limited's exposure to political and macroeconomic risks threatening the stability of its customer base. Institutional clients' potentially diminishing interest in Russian stock market may cause an outflow of customer accounts and, hence, in the company's fees and brokerage commissions. Institutional clients' activities, the key driver of the fees and commissions growth, are hardly predictable in a volatile economy.