Agusto & Co. hereby assigns an A-(IM) rating to Afrinvest Asset Management Limited

Rating Category: Investment Managers

Agusto & Co. hereby assigns an A-(IM) rating to Afrinvest Asset Management Limited

Rating Release

Agusto & Co. hereby assigns an A-(IM) rating to Afrinvest Asset Management Limited.

The rating expires on 2 November 2023.

Agusto & Co. assigns an A-(IM) rating to Afrinvest Asset Management Limited (“Afrinvest AML” or “the Manager”). The rating reflects the Manager’s good governance structure, experienced and diverse decision-making committees, good research function and membership of a financial services group with over 20 years of operational track. The rating is however constrained by a very lean risk management and internal control team and investments in unrated and speculative-grade counterparties. We have also considered the weak macroeconomic environment and its potential to heighten business and investment risks.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.

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