Rating Release
Agusto & Co. hereby affirms the A(f) rating assigned to Coral Money Market Fund
The rating expires on 28 August 2026
Agusto & Co. hereby affirms the ‘A(f)’ rating assigned to Coral Money Market Fund (“Coral MMF” or “the Fund”). The rating reflects Coral MMF’s low exposure to interest rate and liquidity risks. We have also taken into consideration improvements in the capacity of the portfolio management tool to support pre-trade simulations of key parameters and the Fund’s continued compliance with all regulatory and internal limits. The rating also reflects the Manager’s (“FSDH AML” or “the Manager”) operating history and support from a parent with a good track record in the financial services industry in Nigeria. However, the rating remains constrained by Coral MMF’s sizeable exposure to securities at the lower end of the acceptable rating scale, which we consider to have moderate exposure to credit risk.
