Rating Release
Agusto & Co. hereby affirms the BBB+(IM) rating assigned to GDL Asset Management Limited
The rating expires on 30 December 2025
Agusto & Co hereby affirms the ‘BBB+(IM)’ rating assigned to Growth and Development Asset Management Limited (“GDL AML” or “the Manager”). The rating reflects the Manager’s experienced decision-making committees and growing track record in the asset management industry. We have also taken into consideration the creation of two board committees to support the oversight functions of the board of directors in the review period. The rating is, however, impaired by the limited capacity of the current software for pre-trade checks, manual client onboarding process, very lean structure across key functions within GDL AML and the familial relationship that exists on the Board.
