RAEX (Expert RA) confirms ruAA rating for INFINITUM

06.03.2018 RAEX Rating Agency (Expert RA) has confirmed ruAA reliability (long-term credit strength) rating for INFINITUM Asset Serveces. The outlook of the rating remains stable. The first rating was assigned in 2012, at A++ “Exceptionally high (the highest) reliability (long-term credit strength) level” with stable forecast, and was revised under the new methodology in June 2017 at ruAA (corresponds to A++ in the old scale).
RAEX (Expert RA) noted that the ratings are positively affected by low dependency on the revenue from the largest customers and high capital adequacy ratio (capital to assets). Besides, the agency’s analysts positively estimate the quality of financial investment and high operating profit margins. The ratings are also supported by substantial scale of business (as of 30.09.2017 the value of property accounted by the company as part of its special depositary activities was around RUB 3.2 trillion), the usage of specialized software and the membership in depository SROs (PARTAD and NFA). Among other positive factors, the agency mentions high level of risk management activities, certificates confirming compliance with the requirements of the standards for depository activities, operations of specialized depositaries and keeping register of share owners in mutual investment funds, and completion of international quality management system (ISO) certification.
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