Rating Release
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.