YugraFinance rating halted

The National Rating Agency halted YugraFinance Management Company’ individual reliability rating for the time being and placed the company on a waiting list with Indefinite rating outlook, as the management company’s rating will most likely be reconsidered soon.

The Agency reports the need to reconsider the company’s rating arises from the uncertainty of its further business activity status. This uncertainty, in its turn, has to do with the results of an independent audit check of Khanty-Mansiysk Private Retirement Fund, the founder and key customer of YugraFinance.

‘We mean to watch over how the detected problems are being eliminated and how this affects the company’s current performance. In case some serious negative impact is made on the company’s business profile, we’ll have to demote or call off the rating, depending on the gravity of the situation,’ the Agency reports.

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