OREANDA-NEWS. RusRating has changed the outlook credit ratings assigned to OOO Golden Funds from “negative” to “stable” in response to the cancellation of a planned bond issue and (as a result) the absence of an expected significant increase in the Company’s debt burden. The rating itself is unchanged at “B+” on the international scale and “BB+” on the national scale.

The rating is based on close business ties to a consulting group with substantial experience in closed mutual investment funds plus the high market value of the Company’s assets.

Constraining factors include assets and liabilities highly concentrated by counterparty and minimal profits.

OOO Golden Funds is a private-sector Russian company that acts as a consultant and financial intermediary. It forms part of a consulting group with extensive experience in asset management, including operations with closed mutual investment funds. The Company works with financial institutions to acquire mortgage participation certificates, mutual fund shares and claims under agreements of cession.

All assets are working assets and most take the form of financial investments, but the structure of assets shows significant variability. The Company has no long-term obligations; most liabilities are accounts payable and the debt burden is moderate. Golden Funds reports no operating revenues; income is generated by trading in financial instruments. Profitability is low. Liquidity is sufficient. Overall risk sensitivity is moderate.