Agusto & Co hereby assigns an AA(IM) rating to Stanbic IBTC Asset Management with a Stable Outlook
The rating expires on 16 December 2021
Agusto & Co hereby assigns an AA(IM) rating to Stanbic IBTC Asset Management (‘the Manager’). The rating is upheld by the Manager’s good operational track in the asset management industry, well-composed and experienced decision-making committees, good operational risk management and membership of the Stanbic IBTC Group. We have also taken into consideration the narrow board composition with only one independent member and the growing uncertainty in the macroeconomic environment, which has the potential to elevate investment and business risks.
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