Rating Release

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

The rating expires on 19 May 2027

Agusto & Co. hereby upgrades the rating assigned to RMBN Money Market Fund (“RMBN MMF” or “the Fund”) to ‘A+(f)’. The rating upgrade reflects improvements in the Fund’s adherence to regulatory limits and a more conservative asset allocation. The rating also reflects RMBN MMF’s low exposure to credit, interest rate, and liquidity risks, as well as support from an established financial services group. We have also taken into consideration the Fund’s significant unitholder concentration and the relatively short track record of RMB Nigeria Asset Management Limited (“RMBN AML” or “the Manager”) in the management of collective investment schemes. Nonetheless, we recognise the significant experience of the portfolio management team in managing collective investment schemes.