ICRA Lanka Limited has assigned a credit risk rating of [SL]A+mfs (pronounced as Sri Lanka A plus m f s) to the Senfin Money Market Fund (SMMF or “Fund”) which is managed by Senfin
Asset Management (Pvt) Ltd (the asset management company).
Schemes with this rating are considered to have adequate degree of safety regarding timely receipt of payments from the investments that they have made. The assigned rating is based on the Fund’s portfolio with the credit score being comfortable at the assigned rating level.
The rating indicates ICRA Lanka’s opinion on the credit quality of the portfolio held by the fund.
It does not indicate SMMF’s willingness or ability to make timely payments to the fund’s investors. The rating should not be construed as an indication of expected returns, prospective performance of the mutual fund scheme, net asset value (NAV) or volatility in its returns.
ICRA Lanka’s mutual fund rating methodology is based on evaluating the inherent credit quality of the fund’s portfolio.
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