Standard & Poor's
Veles Capital IC is one of the only few Russian investment companies rated by international rating agency Standard&Poor’s. The company’s rating was confirmed on the “BB-/B“ with a stable outlook in December, 2018.
Standard & Poor’s International Rating Agency affirmed Veles Capital’s rating at BB-/B with a stable outlook.
The current rating was assigned in December 2014 and confirmed many times due to "very high level of earnings and capitalization", according to S&P experts conclusion. In 2017 Veles Capital credit rating outlook was revised because of improvement of operating conditions in Russian financial markets. "We expect that Investment Veles Capital LLC will maintain a material market position in fixed-income securities' trading, which will support stability of its operating revenues", noted in S&P press-release. "The stable outlook reflects that we believe that Veles Capital will maintain its solid capital position, high liquidity buffers, and low risk appetite".
For more information on rating please visit S&P web-site.
Counterparty Credit Ratings History
|Counterparty Credit Ratings History||Rating on the Russian scale*||Outlook|
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* S&P withdrew all ratings assigned to Russian issuers and issuers on the national scale in June 2017.