Rating Release
Agusto & Co. hereby affirms the ‘A(IM)’ rating assigned to CardinalStone Asset Managers Limited
The rating expires on 18 June 2026.
Agusto & Co. hereby affirms the ‘A(IM)’ rating assigned to CardinalStone Asset Management Limited (‘CAML’ or ‘the Manager’). The rating is upheld by CAML’s qualified and adequately composed decision-making committees, well-documented investment and risk management processes and a stable base of qualified professionals leading key teams. However, the rating is constrained by a sub-optimal board composition. We have also taken into consideration the weak macroeconomic condition and its capacity to elevate investment and operational risk.
