Rating Release

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

The rating expires on 29 June 2026.

Agusto & Co. hereby affirms the ‘Bbb+(f)’ rating assigned to GDL Money Market Fund (‘GDL MMF’ or ‘the Fund’). The rating is upheld by the Fund’s low exposure to liquidity risk and low to moderate exposure to interest rate risk. The rating is, however, constrained by persistent breaches of the 20% regulatory single obligor limit and the 90-day WAM limit. We have also taken into consideration the limited functionality of the current software to automate pre-trade checks.