Rating Release

Agusto & Co. maintains the “A(f)” rating assigned to First Ally Money Market Fund

The rating expires on 15 December 2020.

The rating assigned to First Ally Money Market Fund (“First Ally MMF” or “the Fund”) reflects the Fund’s conservative credit, market and liquidity profile. Since the launch of the First Ally MMF in June 2019, the Fund has maintained good credit quality of underlying investments (minimum ‘Bbb’ rating) as well as low exposure to interest rate risk by adhering to the regulatory 90-day weighted average maturity limit. We believe that the Fund Manager’s investment process is well established with documented process manuals and investment guidelines.

Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk (impairment of net asset value) in the medium term.