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Agusto & Co. has assigned a ‘BBB+(IM)’ rating with a stable outlook to FCMB Asset Management Limited

Rating Release

Agusto & Co. has assigned a ‘BBB+(IM)’ rating with a stable outlook to FCMB Asset Management Limited.

The rating expires 6 December 2021

The BBB+(IM) rating assigned to FCMB Asset Management Limited (‘FCMB AM’ or ‘the Manager) reflects the Manager’s established process for generating good quality research, experienced & qualified decision-making committees and membership of an established financial services group with an operational track of over 30 years. The rating is however constrained by FCMB AM’s manual risk management surveillance, inadequate segregation of duties and the highly volatile macroeconomic environment which has the potential to heighten business and investment risks.

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.