OREANDA-NEWS. National Rating Agency has affirmed its national scale credit rating on Powerboom Investments Limited (PIL). The outlook for the rating is 'stable'. NRA's first-time individual credit rating (falling into the "Holding and Financial Companies" section of NRA's rating list) was assigned to PIL on Nov. 7, 2013 and affirmed on Mar. 12, 2015.

The current affirmation reflects the company's good-quality and liquid assets generating a stable investment income, its sizable equity and the equity's considerable contribution to its total funding mix, PIL's consistently high financial strength and the high probability of support from its beneficial owners in case of distress.

The rating weaknesses include the remaining dependence of the company's operating performance on its investment portfolio, which is highly concentrated, as well as the company's exposure to risks inherent in financial institutions, which may affect PIL's bottom-line result. That said, NRA believes that these risks are offset by the company's strong capitalization.