Rating Release
Agusto & Co. hereby affirms the A+(f) rating of AXA Mansard Money Market Fund
The rating expires on 31 December 2024
Agusto & Co. hereby affirms the ‘A+(f)’ rating assigned to AXA Mansard Money Market Fund (‘AXA Mansard MMF’ or ‘the Fund’). The rating is upheld by the Fund’s consistently low exposure to liquidity and interest rate risks as well as good internal credit assessments, with support from an established financial services group. Nonetheless, the rating is constrained by the skewness of the portfolio towards the lower end of the acceptable rating scale and breaches of the minimum investment in low-risk government securities.
