Agusto & Co. affirms the BBB(IM) rating assigned to Growth & Development Asset Management Limited.

Rating Category: Investment Managers

Agusto & Co. affirms the BBB(IM) rating assigned to Growth & Development Asset Management Limited.

Rating Release

Agusto & Co. affirms the BBB(IM) rating assigned to Growth & Development Asset Management Limited, with a stable outlook.

The rating expires on 31 December 2022.

Agusto & Co. affirms the BBB(IM) rating assigned to Growth & Development Asset Management Limited (“GDL AML” or “the Manager”). The rating reflects the Manager’s well-composed and experienced decision-making committees, defined process for generating adequate research and good operational risk management processes. However, the rating is impaired by the limited experience of the research team with GDL AML, multiple exits of key personnel and the manual risk management surveillance system. We have also taken into consideration the growing uncertainty in the macroeconomic environment which has the potential to elevate investment and business risks.

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.
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