Rating Release
Agusto & Co. hereby affirms the Bbb(f) rating assigned to Page Money Market Fund
The rating expires on 17 December 2025
Agusto & Co. hereby affirms the ‘Bbb(f)’ rating assigned to Page Money Market Fund (‘Page MMF’ or ‘the Fund’). The rating reflects the Fund’s low exposure to liquidity risk as well as the moderate exposure to credit and interest rate risks. The rating is, however, constrained by Page MMF’s significant exposure to securities at the lower end of the acceptable rating scale and the breaches of the regulatory WAM limit on 19 occasions. We have also taken into consideration, the Manager’s limited experience in the management of collective investment schemes as well as the Fund’s significant unitholder concentration.