Rating Release
Agusto & Co. hereby affirms the A(f) rating of EDC Nigeria Market Fund
The rating expires on 8 October 2024.
Agusto & Co. affirms the A(f) rating assigned to EDC Nigeria Money Market Fund (“EDC MMF” or “the Fund”). The rating is upheld by the Fund’s low exposure to credit and liquidity risks. The rating also reflects EDC MMF’s low to moderate exposure to interest rate risk, the Manager’s good investment process and support from an established financial services group. However, the rating is impaired by the breaches in the regulatory weighted average maturity requirements and asset allocation rules in the review period.
