OREANDA-NEWS. National Rating Agency has affirmed its 'AAA' reliability rating on RSHB-Asset Management LLC. (RSHB-AM) The company was assigned NRA's individual reliability rating of 'AA+' on Oct.2, 2013. On Oct.20, the rating was raised to 'AAA'.

The rating affirmation reflects the сompany's ability to rely on its existing infrastructure, the parent group's experience and achievements, strong corporate governance practices, as well as RSHB-AM's business process and risk management effectiveness. NRA also notes the healthy open-end fund (OEF) growth pace, the company's high-yield investments in OEFs, expanding OEF sale channels, high-yield management of assets held in trust and its growing customer base.

RSHB-Asset Management LLC was founded in August 2012 as part of Rosselkhozbank Group. Rosselkhozbank JSC, established in 2000, is a key lender of Russia's agricultural sector. The bank is wholly owned by the state. Rosselkhozbank' branch network is the second largest in the Russian banking industry and includes over 1,300 outlets.