SEVER AM's ‘AA-’ Reliability Rating Affirmed; Outlook Stable
OREANDA-NEWS. National Rating Agency has affirmed its ‘AA-’ reliability rating to SEVER Asset Management LLC (SEVER AM). The company was assigned NRA's first-time individual reliability rating of 'AA-' in December 2014.
The affirmation reflects the company’s increasing assets under management (AuM), strengthening capitalization and profitable operations. NRA views positively SEVER AM's consistency in implementing its growth strategy, its experienced and highly skilled management team and stable partnership relations with anchor customers.
The rating is constrained by the company’s low diversification by business line, the single name concentration in its AuM (dominated by assets of several private pension managers, owned by one and the same entity) and its limited range of licensed activities.
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While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.
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