Agusto & Co assigns an A(f) rating to ValuAlliance Money Market Fund

Agusto & Co assigns an A(f) rating to ValuAlliance Money Market Fund

Rating Release

Agusto & Co assigns an A(f) rating to ValuAlliance Money Market Fund (‘ValuAlliance MMF’ or ‘the Fund’)

The rating expires on 2 March 2022.

The rating is upheld by the Fund’s low exposure to credit, liquidity and interest rate risks. However, the rating is constrained by the absence of a dedicated portfolio management software and the limited experience of the two lead portfolio managers. In addition, the rating takes into consideration the current weak macroeconomic environment and the low yields available 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