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Agusto & Co assigns an A-(IM) rating to FBNQuest Funds

Rating Release

Agusto & Co assigns an A-(IM) rating to FBNQuest Funds

Rating Expires on 7 April 2021

Agusto & Co assigns an A-(IM) rating to FBNQuest Funds (‘FBNQ Funds’ or ‘the Manager’). The rating is supported by the Manager’s track record in private equity investments, qualified and experienced board of directors (‘the Board’) and a well-established deal selection process. However, the rating is constrained by the absence of non-executive directors on the Manager’s board, which is a deviation from corporate governance best practice. We also note the absence of dedicated tools to manage investment risks post-disbursement.

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.