Rating Release
Agusto & Co. hereby affirms the A(f) rating assigned to First Ally Money Market Fund (“FAAM MMF” or “the Fund”).
The rating expires on 1 June 2026.
Agusto & Co. hereby affirms the ‘A(f)’ rating assigned to First Ally Money Market Fund (‘FAAM MMF’ or ‘the Fund’), an open-end unit trust scheme managed by First Ally Asset Management Limited (‘FAAM’ or ‘the Manager’). The rating is upheld by FAAM MMF’s low exposure to credit, interest rate and liquidity risks as well as improvements in the Fund’s asset allocation with significantly higher holdings of low-risk government securities. We have also taken into consideration FAAM’s membership of a growing financial services group with an operational track record of over 10 years. The rating is, however, constrained by breaches of the regulatory single obligor limit and WAM that occurred during the review period.
