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Agusto & Co affirms the “A(f)” rating assigned to the AXA Mansard Money Market Fund

Rating Release

Agusto & Co affirms the “A(f)” rating assigned to the AXA Mansard Money Market Fund

Rating Expires 28 April 2021

Agusto & Co affirms the A(f) rating assigned to the AXA Mansard Money Market Fund (‘AXA Mansard MMF’ or ‘the Fund’). The rating is upheld by the Fund’s low exposure to credit and liquidity risks and the ability of AXA Mansard MMF to leverage membership of an established financial institution. However, the rating is constrained by consistent breaches in the regulatory WAM requirement and the limited capacity of the existing software for pre-trade checks.

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.