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Agusto & Co. affirms the Aa(f) rating assigned to First Trustees ARM Money Market Fund

Rating Release

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.

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.