Rating Release

Agusto & Co. hereby affirms the Bbb-(f) rating assigned to Anchoria Money Market Fund (‘Anchoria MMF’ or ‘the Fund’).

The rating expires on 10 December 2024.

Agusto & Co. hereby affirms the Bbb-(f) rating assigned to Anchoria Money Market Fund (‘Anchoria MMF’ or ‘the Fund’). The rating is upheld by the Fund’s low exposure to interest rate risk and low to moderate exposure to liquidity risk. However, the rating is constrained by significant obligor and unitholder concentration, and a shift toward the lower end of the acceptable rating scale thereby resulting in moderate exposure to credit risk. We also considered the impact of the weakening macroeconomic environment on the growth of Anchoria MMF.