Rating Release
Agusto & Co. hereby affirms the A(IM) rating assigned to United Capital Asset Management Limited.
The rating expires on 31 December 2024.
Agusto & Co. hereby affirms the A(IM) rating assigned to United Capital Asset Management Limited (‘UCAML’ or ‘the Manager’). The rating is upheld by the Manager’s conservative investment risk management practices and improvements in its decision-making process, which includes additional levels of approval. The rating also reflects UCAML’s experienced decision-making committees, operational track of over 20 years in the asset management industry and good use of technology in minimising exposure to operational risk. Nonetheless, the rating is constrained by the frequent changes in the composition of key teams, which has the potential to disrupt the Manager’s operations. We have also considered the impact of the volatile macroeconomic environment that has the potential to heighten business and investment risks.