Rating Release
Agusto & Co. hereby affirms the A-(IM) rating assigned to Coronation Asset Management Limited (“CAML” or “the Manager”).
The rating expires on 31 December 2025.
Agusto & Co. hereby affirms the ‘A-(IM)’ rating assigned to Coronation Asset Management Limited (‘CAML’ or ‘the Manager’). The rating is upheld by the Manager’s conservative investment risk management practices, good research capability and well-defined decision-making process. The rating also reflects CAML’s experienced decision-making committees, good operational track record in the asset management industry and support from an established financial services group. Nonetheless, the rating is constrained by the familial relationship which exists on the Board and the weak performance of the collective investment schemes