Agusto & Co. hereby affirms the Bbb-(f) rating of Anchoria Money Market Fund
The rating expires on 4 December 2023
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 liquidity and interest rate risks. The rating is, however, constrained by Anchoria MMF’s persistent breaches of regulatory and internal limits for counterparty concentration, securities eligibility and weighted average maturity (WAM). We have also considered the impact of the weakening macroeconomic environment, which has the potential to heighten risk exposures.