Rating Release
Agusto & Co. hereby affirms the A+(f) rating of Chapel Hill Denham Money Market Fund
The rating expires on 3 April 2025
Agusto & Co hereby affirms the A+(f) rating assigned to Chapel Hill Denham Money Market Fund (‘CHD MMF’ or ‘the Fund’). The rating is upheld by the Fund’s continued low exposure to interest rate and liquidity risks. The rating also reflects the Manager’s good track record in the management of collective investment schemes as well as an established investment process. The rating, however, remains constrained by the limited capacity of the current software for pre-trade checks. We have also taken into consideration the Fund’s sizeable exposure to securities at the lower end of the acceptable rating scale, which we consider to have moderate credit risk.
