17.02.2016, 00:47
NRA Affirms Nord-Capital Asset Management's Rating
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'BBB+' financial reliability rating on Nord-Capital Asset Management JSC (NCAM). The outlook for the rating is Stable. NCAM was assigned NRA's first-time reliability rating of 'BBB+' on Dec. 7, 2011. The rating was re-affirmed each consecutive year. The latest affirmation dates Feb. 25, 2015.
NCAM's financial reliability rating affirmation is supported by its consistent revenue generation, growing assets, and the company's experienced and highly skilled management team. NRA notes NCAM's considerable track record as a stock market operator and its affiliation with the 'Nord Capital IG' international financial group.
The rating also benefits from NCAM's strong risk management practices and advanced level of business process automation, both consistent with its business profile and scale.
The rating is constrained by the company's modest diversification by business line, limited customer base, modest asset-under-management base, low profitability and the absence of audited consolidated financials at the group level. Other risks include the significant (77% since the beginning of 2015) increase in NCAM's borrowings.
NCAM's financial reliability rating affirmation is supported by its consistent revenue generation, growing assets, and the company's experienced and highly skilled management team. NRA notes NCAM's considerable track record as a stock market operator and its affiliation with the 'Nord Capital IG' international financial group.
The rating also benefits from NCAM's strong risk management practices and advanced level of business process automation, both consistent with its business profile and scale.
The rating is constrained by the company's modest diversification by business line, limited customer base, modest asset-under-management base, low profitability and the absence of audited consolidated financials at the group level. Other risks include the significant (77% since the beginning of 2015) increase in NCAM's borrowings.
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