OREANDA-NEWS. RusRating has assigned a reliability rating to OOO VTB Capital Pension Reserve. The rating is "AAA" on the national scale and "A" on the international scale, in both cases with a stable outlook.

The rating is based on unconditional backing from the financially-solid state-owned VTB group, a solid client base, a positive reputation on the Russian financial market, strong assessments of risk management and organisation, and solid market positions.

Constraining factors include systemic risks.

About the Company

OOO VTB Capital Pension Reserve is a management company that works with pension savings and mutual funds. It is licensed to manage investment funds, mutual funds and non-state pension funds.

As of 30 June 2015 the Company had R12.2bn under management. More than half of this was pension savings controlled by the Russian Pension Fund. VTB Capital PR also manages four closed mutual investment funds (of which three are for qualified investors only) and a mixed investment open fund. Concentration by individual client is judged high. Both the client base and funding appear solid. Own funds fully satisfy minimum regulatory requirements. Most of the assets under management have been invested in Russian securities; overall portfolio quality is judged satisfactory. Interest returns on pension savings exceed inflation. The average return on NAV is low. Overall sensitivity to financial risks is judged low.