OREANDA-NEWS. National Rating Agency has affirmed its 'AAA' financial reliability rating on OOO Raiffeisen Capital Asset Management Company (RCAM). The outlook for the rating is Stable. RCAM was assigned NRA's first time rating of 'AA' on Nov. 16, 2007. The rating was raised to 'AA+' on Apr. 6, 2010 and to 'AAA' on June 9, 2014. The latest rating update was on Apr. 2, 2015.

The affirmation of the highest attainable reliability rating reflects the growth of RCAM's assets under management (AuM) across its asset management businesses. NRA notes the distinct favourable trends in the company's financial performance (e.g., revenue and profit increase over a long period of time), that have improved RCAM's profitability. Other rating strengths include the company's experienced and highly-skilled personnel, extensive regional network and high operating standards. The rating recognizes RCAM's affiliation with the strong financial Raiffeisen Group that provides the company with resources for active growth.

RCAM was established in 2003. From its inception, the company was wholly owned by Raiffeisen JSC, a 100% subsidiary of the Austria-based Raiffeisen banking group, which offers a full range of financial services to individuals and corporate entities.

RCAM is a large company, licensed to manage assets on behalf of investment mutual funds and institutional investors and to offer trust management services.