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Agusto & Co. upholds the ‘BBB(IM)’ Investment Manager rating of Growth & Development Asset Management Limited

Rating Release

Agusto & Co. upholds the ‘BBB(IM)’ Investment Manager rating of Growth & Development Asset Management Limited (“GDL Asset Management”)

The rating expires on 14 August 2020.

The rating assigned to GDL Asset Management Limited (‘GDL’ or ‘the Manager’) is supported by the Manager’s experienced & qualified decision-making committees, well established process for generation of research output and active monitoring of operational events and transactions. The rating is, however, constrained by manual risk management surveillance and limited credit analysis for counterparties.

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.