Agusto & Co. has assigned a ‘Bbb-’ rating to Marathon Asset and Fund Management Limited, with a stable outlook
The rating expires on 30 April 2024.
Agusto & Co. hereby assigns a “Bbb-” rating to Marathon Asset and Fund Management Limited (“Marathon”, “MAFM” or “the Company”). The rating reflects Marathon’s low leverage, adequate capitalisation, good liquidity ratio and experienced management team. However, the rating is constrained by the low contribution of the core business to profitability and concentration in funds under management. We have also considered the challenges in the macro environment and the impact on the asset management industry and MAFM.