The rating expires on 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.