Agusto & Co assigns a Bbb-(f) rating to GDL Money Market Fund

Agusto & Co assigns a Bbb-(f) rating to GDL Money Market Fund

Rating Release

Agusto & Co assigns a Bbb-(f) rating to GDL Money Market Fund

The rating expires on 10 May 2022

Agusto & Co assigns a Bbb-(f) rating to GDL Money Market Fund (‘GDL MMF’ or ‘the Fund’). The rating reflects the Fund’s low exposure to liquidity risk, low to moderate exposure to interest rate risk and moderate exposure to credit risk. The rating also takes into consideration the breaches in regulatory and internal guidelines as well as the impact of the current low yield environment on money market securities.

 

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