OREANDA-NEWS. National Rating Agency has assigned its ‘A’ reliability rating to Horizon Asset Management OJSC (OOO ‘UK Gorizont’). This is the first time that the company is rated by NRA.

The rating reflects increasing assets under management, consistent revenue generation during the whole period of time, high profitability ratios. The rating recognizes steady partners and clients, as well as the company’s experienced and stable professional management team. The company has strong profitability and capital adequacy ratios.

The rating is constrained by the company’s low diversification by business lines and a considerable core customer concentration of assets under management.

Horizon AM OJSC was founded in 2006. The company specializes in trust asset management of corporate clients and of unit investment funds.

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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.