OREANDA-NEWS. National Rating Agency is withdrawing its credit rating on RESO Investment Company CJSC (RESO IC) due to expiry of the rating contract. The company's exit rating is 'A+' on the national scale, that is, affirmed at the current level. RESO IC's first-time credit rating of 'A' was assigned on Nov.12, 2014 and fell into the "Holding and Financial Companies" section of NRA's rating list. It was raised to 'A+' on Jun.11, 2014.

RESO FIC is .a wholly owned subsidiary of RESO Garantia Insurance PJSC (which has NRA's reliability rating of 'AAA'), established as a financial and investment services company. All strategic and operational business decisions are made by the company's shareholders. RESO IC 's operations are an integral part of RESO Garantia Insurance PJSC's business and are conducted in line with the parent's long-term strategy.

The affirmation of the company's exit rating at the 'A+' level reflects factors, such as RESO IC's affiliation and close integration with a strong financial group that gives it considerable financial support. The company has no debt burden and demonstrates strong equity position, profitability and earnings generation capacity.