Expert RA Confirms INFINITUM Specialized Depository Rating at ruAA Level

Expert RA rating agency has confirmed the credit rating of INFINITUM Asset Services at the ruAA level. The outlook remains stable.

The company’s credit rating is based on its market position assessed as strong, adequate capital position with a high level of operation profitability, high asset quality, adequate liquidity position and the business organization level assessment.

Adequate liquidity position is due to an acceptable reserve of balance sheet liquidity in the form of balances on current accounts and deposits in banks with high credit ratings as well as securities of high credit quality (as of 30.09.2021, the current liquidity ratio was 1.6). The agency notes that the company has no projected cache-flow for the next 12 months, but does not expect any changes in its liquidity management policy or the emergence of liquidity risks on the horizon for the year.

The level of business organization is assessed as adequate. The Agency noted that the rating was positively influenced by the adequate organization of risk management (the company is certified on the international standard ISO 9001:2015 Quality Management System and ISO/IEC 27001:2013 Information Security Management System), high reliability of insurance protection of the company’s professional responsibility, as well as high quality of the specialized software used. The company has adopted a map of strategic initiatives for 2020–2022, updated in 2021, which includes a wide list of tasks for business growth (including the expansion of specialized depositories), increasing customer loyalty, optimization of company operations, improving the reliability of IT infrastructure, control of operational risks and business continuity risks. According to the Agency, the strategic plans correspond to the company’s capabilities in the current market environment and will help strengthen its competitive position.