Agusto & Co. affirms the ‘A+(f)’ rating assigned to Chapel Hill Denham Money Market Fund

Rating Category: Funds

Agusto & Co. affirms the ‘A+(f)’ rating assigned to Chapel Hill Denham Money Market Fund

Rating Release

Agusto & Co. affirms the ‘A+(f)’ rating assigned to Chapel Hill Denham Money Market Fund

The rating expires 16 March 2023.

Agusto & Co. affirms the ‘A+(f)’ rating assigned to Chapel Hill Denham Money Market Fund (‘CHD MMF’ or ‘the Fund’). The rating reflects the Fund’s low exposure to credit, interest rate and liquidity risks. In addition, the rating is supported by the satisfactory internal credit assessment of obligors and the well-established investment process of the Manager. However, the rating remains constrained by the limited automation of risk management processes around CHD MMF such as conducting pre-trade checks. We have also considered the impact of the weakening macroeconomic environment on the Fund’s growth.

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.
Send via WhatsApp

Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Citihomes Finance Company Limited SR3 Nov 24 , 2023 Stable Nigeria
Lukefield Finance Company Limited Bbb- Jun 30 , 2023 Stable Nigeria
Credit Direct Limited Bbb Jun 30 , 2023 Stable Nigeria

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
North South Power Company Limited A- Jun 30 , 2023 Stable Nigeria
African Foundries Limited Bbb+ Jun 30 , 2023 Stable Nigeria

Corporate Bonds

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Viathan Funding Plc.’s ₦10 billion 10-year Series 1 Senior Guaranteed Fixed Rate Bond Due 2027 Aaa Dec 31 , 2027 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 Aaa Dec 31 , 2033 Stable Nigeria