OREANDA-NEWS. October 14, 2015. National Rating Agency has affirmed its ‘AAA’ reliability rating on URALSIB Asset Management JSC (AO ‘UK URALSIB’). The rating had been originally assigned in 2010 and subsequently annually affirmed.

The rating is underpinned by the high diversification of the company's business activities, as well as the customer base, strong and stable profitability. Among other positive factors supporting the current rating, the Agency highlights high business reputation, broad and successful experience in the Russian stock market, high possibility of support from the owners, along with effective management team that has a significant experience in asset management. The company's well-balanced investment policy had a positive impact on the rating as well. The rating is constrained by a decline in assets under management and a decrease in the shareholders' equity.

URALSIB AM JSC was founded in 1996 and was formerly known as NIKoil AM CJSC and UralSib AM CJSC. Nowadays the company is part of URALSIB Financial Corporation, which – in addition to asset management business – includes banking, investment banking, leasing and insurance businesses. The biggest asset of URALSIB FC is URALSIB Bank.

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