Veles Capital’s depositary reliability rating has been upgraded to the highest AAA level
18 December 2015
Veles Capital’s depositary reliability rating was upgraded to the highest AAA level according to H1 2015 results prepared by the Infrastructural Institute Foundation for Financial Research Development (INFI) in cooperation with Professional Association of Registrars, Transfer Agents and Depositaries (PARTAD).
Veles Capital was placed 12th among the largest depositaries with the volume of depositors’securities about 33,6 billion rubles (+16% compared to H1 2014), with 8,2 billion rubles counting for stocks, 12,1 billion rubles counting for bonds, 13,0 billion rubles counting for shares.
Veles Capital became the leader among the largest depositaries – non-credit institutions with the volume of deposited securities from 30 to 300 billion rubles by the coverage factor (CF) that amounted to 6%.
The full version of rating is available at the site of the Infrastructural Institute Foundation for Financial Research Development (INFI).
Veles Capital is one of the oldest investment groups in Russia. Its founders and owners, Dmitry Bugaenko and Alexey Gnedovsky, have been developing investment business and providing their guidance since 1995. Veles Capital is one of the few Russian investment companies rated by S&P International rating agency (at the level “BB-/B/RuAA-“). The company also has the highest reliability rating ААA provided by Russian National Rating Agency.