Rating Release
Agusto & Co. hereby assigns a BBB+(IM) rating to Trium Limited
The rating expires on 13 April 2024.
Agusto & Co. hereby assigns a BBB+(IM) rating to Trium Limited (“Trium” or “the Manager”). The rating reflects the Manager’s well-experienced investment committee, a defined deal screening process with multi-level reviews and support from the Coronation Ecosystem. However, the rating is impaired by the familial relationship on the Board, frequent exits across key functions and concentration in Trium’s ownership structure. We have also taken into consideration the growing uncertainty in the macroeconomic environment, which has the potential to dampen investment performance and heighten business risks.