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 8 November 2027.
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 consistently conservative asset allocation, with an average of 67% of the Fund allocated to low-risk government securities in the last three review periods. The rating also reflects Anchoria MMF’s low exposure to liquidity and interest rate risks. However, the rating is constrained by the Fund’s moderate unitholder concentration and marginal breaches of the regulatory 90-day WAM limit on two occasions. We have also taken into consideration the potential impact of the recent cut in the Monetary Policy Rate (MPR) on the Fund’s asset allocation strategy and growth.