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

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

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.

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.

Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Credit Direct Limited Bbb Jun 30 , 2022 Stable Nigeria
Citihomes Finance Company Limited SR3 Jul 05 , 2022 N/A Nigeria
WSTC Financial Services Limited Bbb+ Mar 31 , 2022 Stable Nigeria

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Axxela Limited A- Jun 30 , 2022 Stable Nigeria
Kawai Technologies Limited Bb Jun 30 , 2022 Neutral Nigeria