Agusto & Co. affirms the Aa(f) rating assigned to Stanbic IBTC Money Market Fund (SIMMF or ‘the Fund’).
The rating expires on 31 December 2021.
The rating reflects the Fund’s good investment process, low to moderate exposure to credit risk and low exposure to liquidity and interest rate risks. We have also considered the impact of the increasingly uncertain macroeconomic environment and low yields on money market securities on the quality of SIMMF’s portfolio holdings.
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.