Agusto & Co. affirms the A-(f) rating assigned to Cordros Money Market Fund
The rating expires 8 March 2023.
Agusto & Co. affirms the A-(f) rating assigned to Cordros Money Market Fund (‘Cordros MMF’ or ‘the Fund’). The rating reflects Cordros MMF’s low exposure to credit, interest rate and liquidity risks. However, the rating is constrained by the Fund’s manual risk surveillance system, given the fund management software’s limited functionality for conducting pre-trade checks. The rating also takes into consideration the adverse effect of the weakening macroeconomic environment on the growth of the Fund.