Rating Release
Agusto & Co. hereby upgrades the rating assigned to Anchoria Money Market Fund (“Anchoria MMF” or “the Fund”) to A-(f).
The rating expires on 20 November 2026.
Agusto & Co. hereby upgrades the rating assigned to Anchoria Money Market Fund (‘Anchoria MMF’ or ‘the Fund’) to ‘A-(f)’. The rating upgrade reflects Anchoria MMF’s conservative asset allocation practices with sizeable exposures to low-risk government securities. The rating also reflects the Fund’s continued low exposure to liquidity and concentration risks. The rating is, however, constrained by the breaches of the regulatory 90-day WAM limit on nine occasions. We have also taken into consideration the frequent changes in the investment management team and the leadership of the fund manager, as well as the declining yield environment.
