Rating Release
Agusto & Co. hereby affirms the A+(f) rating of Chapel Hill Denham Money Market Fund
The rating expires on 26 March 2024
Agusto & Co. affirms the “A+(f)” rating assigned to Chapel Hill Denham Money Market Fund (‘CHD MMF’ or ‘the Fund’). The rating reflects the Fund’s low exposure to interest rate and liquidity risks, good track record in the management of collective investment schemes as well as an established investment process. However, the rating remains constrained by the limited automation of risk management processes around CHD MMF. We have also taken into consideration the Fund’s rising exposure to securities at the lower end of the acceptable rating scale, which we consider to have moderate exposure to credit risk.
