Rating Release
Agusto & Co. has assigned a ‘BBB+(IM)’ rating with a stable outlook to FCMB Asset Management Limited.
The rating expires 6 December 2021
The BBB+(IM) rating assigned to FCMB Asset Management Limited (‘FCMB AM’ or ‘the Manager) reflects the Manager’s established process for generating good quality research, experienced & qualified decision-making committees and membership of an established financial services group with an operational track of over 30 years. The rating is however constrained by FCMB AM’s manual risk management surveillance, inadequate segregation of duties and the highly volatile macroeconomic environment which has the potential to heighten business and investment risks.