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Agusto affirms the ‘A+(f)/FV3’ ratings assigned to Legacy Debt Fund

Rating Release

Agusto affirms the A+(f)/FV3 ratings assigned to Legacy Debt Fund

The rating expires on 31 March 2021.

Agusto affirms the A+(f)/FV3 ratings assigned to Legacy Debt Fund (‘LDF’ or ‘the Fund’). The ratings are upheld by the Fund’s conservative approach to investments with an average of 93% of net assets held in low risk Federal Government of Nigeria (FGN) securities. In the one year to March 2020, LDF’s exposure to interest rate risk remained moderate with a duration of 1.9 years. However, we note the limited functionality of the current software in conducting pre-trade checks.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.