Fitch Assigns NDB Wealth Money Fund First-Time 'AA+f(lka)' and 'S2(lka)'
Sri Lanka, Nov. 9 -- 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)'.
KEY RATING DRIVERS
The FCQR reflects the high credit quality of the fund's underlying assets. Fitch bases the rating on the fund's actual and prospective credit quality. The weighted-average rating factor (WARF) suggested a rating of' AAAf(lka)' at end-August 2026. However, the fund's investment guidelines provide flexibility to invest in money market instruments other than government securities, which could lower the portfolio's aggregate credit quality. Fitch has therefore assigned the FCQR at 'AA+f(lka)'.
The MRSR reflects the fund's...
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