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Agusto & Co. maintains the “Bbb+(IM)” rating assigned to First Ally Asset Management Limited

Rating Release

Agusto & Co. maintains the “Bbb+(IM)” rating assigned to First Ally Asset Management Limited

The rating expires on March 2021.

The Rating assigned to First Ally Asset Management Limited reflects the Manager’s adequate investment and risk management capabilities. This is upheld by the experienced and qualified decision-making committees, the Manager’s well-established processes for trade execution, adequate investment framework, good operational and investment risk oversight. The rating, however, remains constrained by limited proprietary research capacity and the Manager’s limited track record.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.