The prestigious agency evaluates high standards in corporate management and strong results of the company

The prestigious Fitch Ratings increased the asset management rating of Pioneer Investments, member of UniCredit Group.

The new rating, М2+, was awarded to Pioneer because of the strong majority owner of the company - UniCredit Group, the high standards in corporate management as well as the strong results achieved over the last years.

The increase in the rating from М2 to М2+ reflects the considerable efforts of the company to become a global asset management company, as well as its successful business operations in Milano, Dublin and Boston. It is considered that organizations with similar rating are managed by experienced managers supported by a good administrative staff.

“This rating places Pioneer Investments in the group of the stable, profitable and recognized as well capitalized investment companies”, Pioneer Investments representative for Bulgaria Yavor Achev said.

Thanks to the strong performance of UniCredit Bulbank, Pioneer Investments is the biggest managing company in Bulgaria with BGN 168 mio in terms of managed assets and 21% market share as at end July.

This year Pioneer Investments celebrated 80 years since its foundation and 5 years of successful presence in Bulgaria.

The Pioneer Funds are offered to clients in the branch network of UniCredit Bulbank.

About Pioneer Investment

Pioneer Investments is the global investment group with assets amounting to EUR 231.5 billion at the end of 2007. The company offers a broad range of investment solutions, including mutual funds and structural deposits for various client groups – institutional investors, brokers and private clients worldwide. The assets of the institutional clients in Pioneer exceed EUR 60 billion.