Agusto & Co upgrades the rating of Cordros Money Market Fund to A-(f).
The rating expires 30 January 2020
Agusto & Co upgrades the rating of Cordros Money Market Fund (“Cordros MMF” or “the Fund”) to A-(f).
The rating reflects a more conservative approach to investment management and the associated low exposure to interest rate, liquidity and credit risks.
The rating also takes into cognisance the quality of the Manager’s investment and research teams. The rating is however constrained by the Manager’s manual risk management process.
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.