Rating Release
Agusto & Co. hereby affirms the Aa-(f) rating assigned to Stanbic IBTC Money Market Fund
The rating expires on 30 December 2025.
Agusto & Co. hereby affirms the ‘Aa-(f)’ rating assigned to Stanbic IBTC Money Market Fund (‘SIMMF’ or ‘the Fund’). The rating is upheld by SIMMF’s low exposure to credit, liquidity and interest rate risks as well as the Manager’s good operational track record in the asset management industry. We have also taken into consideration the breaches of regulatory limits by the Fund and the weakening macroeconomic environment which has the potential to elevate investment and business risks.