Rating Release
Agusto & Co. hereby affirms the A(f) rating assigned to Zenith Money Market Fund (‘Zenith MMF’ or ‘the Fund’).
The rating expires on 5 March 2026.
Agusto & Co. hereby affirms the ‘A(f)’ rating assigned to Zenith Money Market Fund (“Zenith MMF” or “the Fund”). The rating is upheld by the Fund’s continued low exposure to interest rate and liquidity risks. The rating, however, is constrained by the breach of the weighted average maturity limit on eight occasions, the Fund’s sizeable exposure to securities at the lower end of the acceptable “Bbb“ rating scale which we consider to have moderate exposure to credit risk and the limited capacity of the current software for automated pre-trade checks.
