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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.