Agusto & Co. affirms the Aa(f) rating assigned to First Trustees ARM Money Market Fund
The rating expires 31 December 2021
Agusto & Co. affirms the Aa(f) rating assigned to First Trustees ARM Money Market Fund (‘First Trustees ARM MMF’ or ‘the Fund’). The rating is supported by the Fund’s moderate exposure to credit risk as well as low exposure to liquidity and interest rate risks in the 12 months to 10 December 2020. The rating takes into consideration the impact of the increasingly uncertain macroeconomic environment and low yields on money market securities in Nigeria as well as the limited experience of the secondary portfolio manager.
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