Rating Release
Agusto & Co. hereby affirms the Bbb(f) rating assigned to Page Money Market Fund (‘Page MMF’ or ‘the Fund’).
The rating expires on 25 December 2024.
Agusto & Co. hereby affirms the Bbb(f) rating assigned to Page Money Market Fund (‘Page MMF’ or ‘the Fund’). The rating is upheld by the Fund’s low exposure to liquidity and interest rate risks as well as the low to moderate exposure to credit risk. The rating is, however, constrained by the Manager’s limited operational track record in the asset management industry and limited experience in the management of collective investment schemes. We have also taken into consideration, breaches in the single obligor limit as well as significant unitholder concentration.
