Rating Release

Agusto & Co. hereby upgrades the rating assigned to Guaranty Trust Money Market Fund (‘GTMMF’ or ‘the Fund’) to A+(f).

The rating expires on 31 December 2024.

Agusto & Co. upgrades the rating of Guaranty Trust Money Market Fund (‘GTMMF’ or ‘the Fund’) to A+(f). The upgrade is upheld by the Fund’s increasing adherence to conservative credit principles and GTMMF’s continued low exposure to interest rate and liquidity risks. The rating also reflects the Manager’s established investment process which is upheld in part by the support received from the GTCO group for counterparty credit assessments. We have also taken into consideration the weakened macroeconomic environment, characterized by rising inflation and low yields and the impact of this on portfolio growth and risk management.