Rating Release

Agusto & Co. hereby affirms the Bbb+(f) rating assigned to Zedcrest Money Market Fund (“Zedcrest MMF” or “the Fund”).

The rating expires on 8 August 2025.

Agusto & Co hereby affirms the Bbb+(f) rating assigned to Zedcrest Money Market Fund (“Zedcrest MMF” or “the Fund). The rating is upheld by the Fund’s low exposure to liquidity risk and low to moderate exposure to credit risk. However, the rating is impaired by persistent breaches of regulatory and internal asset allocation guidelines and lapses in portfolio monitoring. We have also taken into consideration the weakened macroeconomic environment and its potential to lower the marginal propensity to invest.