Fitch affirms ratings of two TMB Asset Management funds

Fitch Ratings (Thailand) has affirmed the national-scale money-market fund ratings of TMB Money Fund (TMBMF) and TMB Treasury Money Fund (TMBTM) at ‘AAAmmf(tha)’.
TMB Asset Management manages the two money-market funds.
Fitch said the ratings of the funds are driven by their portfolios’ overall credit quality and diversification; minimal exposure to interest-rate and spread risks; and high level of daily and weekly liquidity that is consistent with each fund’s investor profile and concentration.
The ratings also reflect TMB Asset Management’s capabilities and resources as asset manager.