Rating Release
Agusto & Co. hereby affirms the A+(f) rating of Coronation Money Market Fund
The rating expires on 31 December 2023
Agusto & Co. hereby affirms the A+(f) rating assigned to Coronation Money Market Fund (‘Coronation MMF’ or ‘the Fund’). The rating is upheld by the Fund’s continued low exposure to credit, liquidity and interest rate risks during the review period (January 2022 – December 2022).
However, the rating is constrained by the absence of a risk management team and significant concentration in the unitholding base. We have also taken into consideration the weak macroeconomic environment and its potential to heighten investment and operational risks.
