OREANDA-NEWS. National Rating Agency has affirmed its ‘AAA’ reliability rating on VTB Capital Asset Management CJSC. The company was assigned the ‘AAA’ reliability rating on Aug. 22, 2014.

The affirmation of the highest attainable rating reflects the company’s affiliation with a large international financial group, long track record of operating in the financial market, highly competent management team, maintenance of a strong market position, and good diversification by business line. The rating recognizes the successful creation of an open-end fund merger, the company’s well-balanced investment policy and growing assets under management.

NRA regards the concentration risk arising from exposure to other Group members, and the net profit reduction in 2014 as factors that may affect VTB Capital Asset Management’s performance going forward.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.