Rating Release
Agusto & Co. hereby affirms the A-(f) rating assigned to United Capital Money Market Fund
The rating expires on 21 June 2022.
Agusto & Co. hereby affirms the A-(f) rating assigned to United Capital Money Market Fund (‘UCMMF’ or ‘the Fund’). The rating is upheld by the Fund’s low exposure to liquidity and interest rate risks. In addition, we note positively UCMMF’s significant holding of low risk Treasury Bills in a period of unusually low yields on government securities. However, the rating is constrained by breaches in concentration limits and a growing shift in the portfolio towards the lower end of the minimum acceptable rating scale.
