Rating Release
Agusto & Co. hereby affirms the A+(f) rating assigned to EDC Nigeria Money Market Fund
The rating expires on 10 December 2026
Agusto & Co. hereby affirms the A+(f) rating assigned to EDC Nigeria Money Market Fund (“EDC MMF” or “the Fund”). The rating is upheld by EDC MMF’s low exposure to credit, interest rate and liquidity risks. The rating also reflects the relative stability in the composition of the investment team as well as the support from an established financial services group. The rating, however, is constrained by the breach of the regulatory single obligor limit on 20 occasions and the Fund’s increasing unitholder concentration.