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.