Rating Release
Agusto & Co. hereby upgrades the rating assigned to CardinalStone Money Market Fund (“CardinalStone MMF” or “the Fund”) to A(f).
The rating expires on 18 June 2026.
Agusto & Co. hereby upgrades the rating assigned to CardinalStone Money Market Fund (‘CardinalStone MMF’ or ‘the Fund’) to A(f). The rating upgrade reflects the Fund’s conservative credit practices and adherence to regulatory credit and concentration limits. We have also taken into consideration CardinalStone MMF’s low exposure to liquidity and interest rate risks as well as the upgrade of the portfolio management tool. The rating also reflects an established investment process which is upheld in part by CardinalStone Asset Management Limited’s (‘CAML’ or ‘the Manager’) membership of a reputable non-bank financial services group. The rating is, however, impaired by the breaches in the regulatory weighted average maturity requirement on six occasions.
