2 sourcesUpdated
Fitch rates NDB Wealth Money Fund AA+f S2
Fitch Ratings assigned the NDB Wealth Money Fund a National Fund Credit Quality Rating of 'AA+f(lka)' and a Market Risk Sensitivity Rating of 'S2(lka)'. The ratings reflect high credit quality from underlying assets, primarily Sri Lankan government securities. However, flexibility in investment guidelines could lower overall portfolio credit quality.
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Summary
Fitch Ratings - Colombo: Fitch Ratings has assigned NDB Wealth Money Fund a National Fund Credit Quality Rating (FCQR) of 'AA+f(lka)' and a National Fund Market Risk Sensitivity Rating (MRSR) of 'S2(lka)'. Fitch bases the rating on the fund's actual and prospective credit quality. It was renamed Eagle NDB Fund Management Company Limited.