Agusto & Co. hereby affirms the A-(f) rating assigned to United Capital Money Market Fund

Agusto & Co. hereby affirms the A-(f) rating assigned to United Capital Money Market Fund

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.

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
No Current Ratings

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Axxela Limited A- Jun 30 , 2022 Stable Nigeria
Kawai Technologies Limited Bb Jun 30 , 2022 Neutral Nigeria
Flour Mills of Nigeria Plc A- Sep 30 , 2021 Stable Nigeria
Interswitch Limited Withdrawn Oct 31 , 2021 N/A Nigeria