Rating Release
Agusto & Co. hereby affirms the Bbb+(f) rating assigned to FSL Money Market Fund (‘FSL MMF’ or ‘the Fund’).
The rating expires on 16 February 2026.
Agusto & Co. hereby affirms the ‘Bbb+(f)’ rating assigned to FSL Money Market Fund (“FSL MMF” or “the Fund”). The rating reflects FSL MMF’s low exposure to credit and liquidity risks as well as the low to moderate exposure to interest rate risk. The rating is, however, constrained by the breaches in the regulatory 90-day WAM limit and single obligor limit. We have also taken into consideration, the Fund’s significant unitholder concentration and FSL AML’s limited experience in the management of collective investment schemes.
