EG Capital Partners’ Reliability Rating Raised To ‘AA’
The rating upgrade is driven by EGCP’s substantially increased assets under management, markedly improved financial result for 2014, acquisition of a new large customer, and last year’s high return on the investment of pension assets on behalf of non-state pension funds, its key customers. The rating also recognizes the improved corporate governance practices, addition of a new independent director to the company’s Board, and EGCP’s supportive strategic partners and customers.
The rating is constrained by the company’s focus on a single business line and its concentrated customer base.
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