Russian agency affirms TKB BNP Paribas Investment Partners at AAA

Russia’s National Rating Agency has awarded TKB BNP Paribas Investment Partners an AAA rating, prolonging TKB BNPP IP’s top rating which it has held since 2007.

“The AAA-maximum reliability rating reflects the company’s leading position in the market, a high level of corporate governance and transparency as well as the existence of strong shareholders interested in developing the company. TKB BNPP IP is able to earn good returns, provide liquidity and lower risk through a detailed and structured investment process to which risk management is integral,” says Daria Yudaeva, analyst at the National Rating Agency.

In assigning the rating, the National Rating Agency highlighted the following factors:

  • TKB BNPP IP is one of the market leaders in Russian asset management and in the top three largest Russian asset managers.
  • Over the last year, assets of non-state pension funds and unit investment funds under management by TKB BNPP IP doubled. More than 50% of the assets under management and consulting are pension savings and reserves of non-state pension funds (as of 30/09/2013). Total assets of non-state pension funds more than doubled in the 12 months to end-September 2013 and amounted to USD 3.2 billion. The range of unit investment funds under management of the company is one of the largest in Russia and consists of 20 open-ended funds, six closed-end funds and one interval fund, with total assets amounting to over USD 455 million. In the year to end-September 2013, the assets of unit investment funds doubled.
  • A wide range of international funds, for which TKB BNPP IP is the investment sub-advisor, consists of flagship funds registered in Luxembourg, as well as funds tailored to markets in Scandinavia and Asia. In 2013, three portfolios of Russian equities were transferred to TKB BNPP IP as investment sub-advisor.

Established in 2000, the National Rating Agency is one of the leading independent ratings agencies in Russia. Currently, the agency has assigned ratings to over 250 of its clients. More than 800 banks and corporates are listed as part of other information projects undertaken by the agency. Materials are regularly published in the media, on the agency’s website and on social networks.

The agency is included in the register of accredited agencies of the Ministry of Finance of the Russian Federation. Its ratings are recognised by the Central Bank of the Russian Federation, Vnesheconombank, the Federal Financial Markets Service, Rosnano, the Ministry of Agriculture of the Russian Federation, the Mortgage and Home Loan Agency, the RTS and MICEX stock exchanges, the National Association of Stock Market Participants, the National Securities Market Association, the National Managers’ League and the Association of Russian Banks.