Rating Release

Agusto & Co. hereby upgrades the rating assigned to Meristem Money Market Fund (‘Meristem MMF’ or ‘the Fund’) to A+(f).

The rating expires on 21 November 2026.

Agusto & Co. hereby upgrades the rating assigned to Meristem Money Market Fund (‘Meristem MMF’ or ‘the Fund’) to ‘A+(f)’. The rating upgrade reflects improvements in the Fund’s asset allocation and counterparty selection practice. The rating also reflects Meristem MMF’s low exposure to liquidity and interest rate risks. However, the rating is impaired by the breaches of the regulatory single obligor limit and the limited capacity of the current software for automated pre-trade checks.