Rating Release
Agusto and Co. assigns a Aa- fund credit quality rating and an FV3 fund volatility rating to Legacy Debt Fund
The rating expires on 14 June 2022.
Agusto and Co. assigns a Aa- fund credit quality rating and an FV3 fund volatility rating to Legacy Debt Fund (‘the Fund’ or ‘LDF’). The ratings reflect the Fund’s consistently conservative credit portfolio in the last three years (with over 77% of net assets on average in low risk government securities), an improved credit assessment process supported by the internal credit rating model of the FCMB Group and low exposure to liquidity risk. The ratings also take into consideration the Fund’s moderate exposure to interest rate risk, largely manual investment monitoring process and the impact of the weak macroeconomic environment.