OREANDA-NEWS. August 28, 2015. National Rating Agency has affirmed its ‘AA+’ national scale credit rating on Otkritie Holding Joint Stock Company (the Holding). The rating falls in the “Holding and Financial Companies” section of the Agency’s rating list. On July 29, 2011, the Holding was assigned NRA’s ‘AA-’ national scale credit rating, which was subsequently raised to ‘AA’ on Nov. 30, 2012 and to ‘AA+’ on Nov. 27, 2013. In August 2014, the rating was affirmed at ‘AA+’.

The Holding’s rating is supported by the strong market position of its banking subsidiaries, growing business volumes, successful implementation of its banking asset consolidation strategy, new shareholders, solid corporate governance practices and transparency vis-?-vis NRA.

The rating is constrained by factors, such as the Holding’s low capital adequacy metrics, the subsidiary banks’ growing credit risks and falling reserve coverage ratios, as well as profitability decline amid the worsening macroeconomic situation and market conditions.

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