Rating Release
Agusto & Co. hereby affirms the A(f) rating assigned to Meristem Money Market Fund (‘Meristem MMF’ or ‘the Fund’).
The rating expires on 5 December 2025.
Agusto & Co. hereby affirms the ‘A(f)’ rating assigned to Meristem Money Market Fund (‘Meristem MMF’ or ‘the Fund’). The rating reflects the Fund’s low exposure to interest rate and liquidity risks and support from an established financial services group. However, the rating is impaired by Meristem MMF’s consistent and significant exposure to securities at the lower end of the acceptable scale, which we consider to have moderate exposure to credit risk. We have also taken into consideration the impact of the limited functionality of the current portfolio management software on the effective administration of the Fund.
