Agusto & Co. hereby assigns an A+(IM) rating to FBNQuest Asset Management Limited
The rating expires on 6 December 2023.
Agusto & Co. hereby assigns an A+(IM) rating to FBNQuest Asset Management Limited (“FBNQuest AML” or “the Manager”). The rating is upheld by the Manager’s good operational track in the asset management industry, membership of an established financial services group, well-composed and experienced decisionmaking committees and qualified and long-serving employees at the senior level. However, the rating is constrained by the Manager’s narrow board composition with no independent member. We have also taken into consideration the growing uncertainty in the macroeconomic environment, which has the potential to elevate investment and business risks.