Rating Release

Agusto & Co. affirms the Bbb-(f) rating to Anchoria Money Market Fund (“Anchoria MMF” or “the Fund”).

The rating expires on 26 October 2022.

Agusto & Co. affirms the Bbb-(f) rating to Anchoria Money Market Fund (“Anchoria MMF” or “the Fund”). The rating is upheld by the Fund’s consistent investment in low-risk treasury bills and the low exposure to liquidity risk. However, the rating is constrained by the Fund’s investments in speculative entities and consistent breaches in WAM and concentration limits. We have also considered the impact of the weakening macroeconomic factors on the Fund.