MOODY'S MANTAINS Aaa/MR1 RATINGS TO THE MONEY MARKET FUND EUR AND Aaa/MR4 TO THE BOND FUND GLOBAL BOND FUND
Moody's Investors Service maintains the Aaa/MR1 money market and Aaa/MR4 bond fund ratings to the Money Market Fund- Eur and Bond Fund Global( the Funds), which are managed by Mon Gestio S.A , Andorra.. The funds are Andorran open-ended funds denominated in Euros. The fund advisor, Mon Gestio S.A is fully owned by Andorra Banc Agrícol Reig, SA whose trade mark is andbanc Grup Agricol Reig, a new entity result of the integration of Banc Agricol i Comercial d'Andorra and Banca Reig.
Moody's said the Aaa ratings reflect the high quality of the funds investments and the maintenance of a high level of liquidity. In addition, the impact on the funds of the integration of Banc Agricol i Comercial d'Andorra and Banca Reig was carefully controlled and well processed. Moody's ratings are based on the Funds' management style, as it relates to the stated objectives of the Funds. Moody's added, that the Funds' investment adviser, Mon Gestio S.A, is an experienced money manager. The rating agency also noted the Funds' sound trading, research, audit, and compliance systems
Moody's continued to say that the overall objective of the Funds is to provide an investment in a diversified portfolio of well selected securities with the aim to grow the value of the invested capital over time. All the funds investments are rated by Moodys.
Moody's money market and bond fund ratings are opinions of the investment quality of shares in mutual funds which principally invest in money market and long-term fixed income obligations. The ratings are not intended to consider the prospective performance of a fund with respect to appreciation, volatility of net asset value, or yield. Money market and Bond funds rated Aaa are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of high quality by all standards.
Moody's market risk ratings use a five-tiered numerical scale. Funds with the least sensitivity to market changes will receive an MR1, whilst the most sensitive funds will be rated MR5. Moody's assignment of MR1 to the Fund is based on the low market risk attached to the investments.
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