Rating Release

Agusto & Co. hereby affirms the A-(IM) rating assigned to First Ally Asset Management Limited (“FAAM” or “the Manager”).

The rating expires on 19 April 2027.

Agusto & Co. hereby affirms the ‘A-(IM)’ rating assigned to First Ally Asset Management Limited (“FAAM” or “the Manager”). The rating is upheld by FAAM’s well-documented investment risk management guidelines, experienced decision-making committees, and support from a growing financial services group with a track record of over 10 years. However, the rating is constrained by the simultaneous exits in the portfolio management team, which has the potential to affect strategy implementation as well as the lean structure of the combined risk management and internal control team.