Agusto & Co. upgrades the rating of ValuAlliance Money Market Fund to A+(f)

Agusto & Co. upgrades the rating of ValuAlliance Money Market Fund to A+(f)

Rating Release

Agusto & Co. upgrades the rating of ValuAlliance Money Market Fund A+(f).

The rating expires 23 March 2023.

Agusto & Co. upgrades the rating of ValuAlliance Money Market Fund (‘ValuAlliance MMF’ or ‘the Fund’) to A+(f). The rating reflects the Fund’s low exposure to credit, liquidity and interest rate risks and the strict adherence to regulatory and internal guidelines. However, the rating is constrained by high concentration in the unitholder base and inadequate segregation of duties. We also consider the impact of the weakening macroeconomic environment on the growth of the Fund.

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.

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