Rating Release
Agusto & Co. hereby upgrades the rating assigned to Comercio Partners Money Market Fund to A-(f)
The rating expires on 3 December 2026.
Agusto & Co hereby upgrades the rating assigned to Comercio Partners Money Market Fund (“CP MMF” or “the Fund”) to A-(f). The rating upgrade is upheld by improvements in CP MMF’s asset allocation relative to prior review periods. The rating also reflects the Fund’s low exposure to credit, liquidity and interest rate risks as well as support from a growing financial services group. The rating, however, is constrained by the breach of the weighted average maturity limit on four occasions and CP MMF’s sizeable unitholder concentration. We have also taken into consideration the potential impact of declining interest rates and the weakened macroeconomic environment on the Fund’s ability to sustain growth.