Rating Release
Agusto & Co. hereby assigns an indicative B-(f) fund credit quality rating and an FV5 fund volatility rating to FSL Eurobond Fund (‘FSL EBF’ or ‘the Fund’).
The rating expires on 13 November 2024.
Agusto & Co. hereby assigns an indicative B-(f) fund credit quality rating and an FV5 fund volatility rating to FSL Eurobond Fund (‘FSL EBF’ or ‘the Fund’). The credit quality rating is capped by the ‘B-’ sovereign rating assigned to the Federal Republic of Nigeria by Agusto & Co. on a global rating scale. The Fund’s credit quality rating reflects FSL EBF’s potentially high exposure to credit risk on a global rating scale. The volatility rating reflects the Fund’s moderate exposure to interest rate and liquidity risks and nil exposure to currency risk. In addition, the ratings are constrained by the limited operational track record of FSL AML in managing collective investment schemes.