Rating Release
Agusto & Co. hereby assigns an ‘A+’(f) rating to AIICO Money Market Fund.
Rating expires on 31 December 2021.
Agusto & Co. hereby assigns an ‘A+’(f) rating to AIICO Money Market Fund (‘AIICO MMF’ or the Fund’). The rating is supported by the good credit quality of the underlying portfolio, low exposure to interest rate risk as well as adequate liquidity position. The rating is however constrained by AIICO MMF’s largely manual risk management process particularly around pre-trade checks as well as breaches in stipulated guidelines.
