Rating Release
Agusto & Co. hereby upgrades the rating assigned to United Capital Money Market Fund (‘UCMMF’ or ‘the Fund’) to A+(f).
The rating expires on 19 August 2025.
Agusto & Co. hereby upgrades the rating of United Capital Money Market Fund (“UCMMF”, or “the Fund”) to A+(f). The rating upgrade reflects improvements in the Fund’s asset allocation and counterparty selection framework as well as a strengthened investment committee composition. The rating also reflects UCMMF’s low exposure to credit, liquidity and interest rate risks. Nonetheless, we have taken into consideration the weakened consumer purchasing power and propensity to save on the ability of the Fund to achieve its growth targets amidst severe macroeconomic headwinds.
