OREANDA-NEWS. National Rating Agency has affirmed its 'AAA' reliability rating on Telecom-Soyuz NSPF OJSC. The rating was originally assigned on Aug. 11, 2011 and affirmed on Sept. 4, 2014.

The rating affirmation is based on the Fund's long track record of operations in the pension market, leading position in the non-state pension provision system, and strong key performance indicators. The rating recognizes Telecom-Soyuz's successful transformation into a joint-stock company and the fact that it was among the first to join the national pension accumulations insurance framework. The Fund's concentration on key customers is viewed as a risk.

Telecom-Soyuz Non-State Pension Fund was established in 1996 and has an unlimited validity license for pension provision and pension insurance business. On June 10, 2014, it was reorganized (transformed) into Telecom-Soyuz Non-State Pension Fund Open Joint-Stock Company. In 2015, it was included in the register of members of the national pension accumulations insurance framework. The Fund is owned by O1 Group, a private investment company that owns and manages assets in a variety of industries, including the financial and real estate sectors. The company owns two other non-state pension funds, StalFund and Budushchee.