RusRating changes outlook on OOO Kontsern “GENERAL-INVEST” credit ratings
The ratings themselves remain unchanged at “BBB” on the national scale and “BB” on the international scale.
The rating itself is based on successful operations in the securities market, effective corporate governance, and scope for support from the parent group.
Constraining factors include the Company's relatively modest size, elevated currency risk, a decline in brokerage turnover on the Russian market, and the impact of currency fluctuations on profits.
OOO Kontsern “GENERAL-INVEST” is a Russian investment company that belongs to the General Invest group, a European holding with its head office in Italy and subsidiaries in Russia, Switzerland, Luxembourg, Belarus, Moldova and Armenia. Its ultimate beneficiary owner is Vincenzo Trani.
Most liabilities take the form of obligations to affiliated companies or client balances on brokerage and asset management accounts, along with capital; own funds satisfy regulatory requirements. Assets include shares in Luxembourg-registered Mikro Fund, which is managed by Mikro Kapital s.a.r.l. and extends loans to small and mid-sized businesses in CIS countries, plus cash in brokerage accounts. Profits are heavily affected by realised currency risks. Overall risk sensitivity is moderate. Liquidity is sufficient.
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