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Agusto & Co assigns a ‘BBB-(IM)’ rating to SCM Capital Asset Management Limited

Rating Release

Agusto & Co assigns a ‘BBB-(IM)’ rating to SCM Capital Asset Management Limited

Rating Expires 6 May 2021

Agusto & Co assigns a ‘BBB-(IM)’ rating to SCM Capital Asset Management Limited (‘SCM Capital AM’ or ‘the Manager’). The rating is supported by well composed decision making committees, an experienced senior management team, a multi-layer investment approval structure and an operational track of over 14 years. However, the rating is constrained by the absence of an internal audit function, the Manager’s limited expertise in credit analysis and the minimal functionality of the current software to adequately support risk management.

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.