Agusto & Co. hereby assigns an indicative Bbb+(f) rating to Zedcrest Money Market Fund
The rating expires on 24 April 2024.
Agusto & Co. hereby assigns an indicative Bbb+(f) rating to Zedcrest Money Market Fund (“Zedcrest MMF” or “the Fund”). The rating reflects the Fund’s potential moderate exposure to credit risk and low exposure to liquidity and interest rate risks. However, the rating is impaired by the Manager’s limited operational track record in the management of collective investment schemes. We have also considered the likely impact of the weakening macroeconomic environment on the Fund’s growth.