Rating Release
Agusto & Co. has affirmed the ‘BBB(IM)’ rating assigned to GDL Asset Management Limited.
The rating expires on 20 October 2021
The rating assigned to GDL Asset Management Limited (‘GDL’ or ‘the Manager’) reflects the Manager’s well-established process for generating adequate research, experienced & qualified decision-making committees and proactive monitoring of operational events and transactions.
The rating remains constrained by GDL’s manual risk management surveillance, the limited experience of the core research analyst and the investments in counterparties Agusto & Co. considers to be speculative grade. We have also taken into consideration the highly volatile macroeconomic environment which has the potential to heighten business and investment risks.