Askari Sovereign Yield Enhancer rating reaffirmed at A+ by JCR-VIS

MG News | July 06, 2018 at 03:37 PM GMT+05:00

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JCR-VIS Credit Rating Company Limited has reaffirmed fund stability rating of Askari Sovereign Yield Enhancer at single A plus (f).

The previous rating action was announced on December 30, 2016, said press release on Friday.

ASYE is managed by Pak Oman Asset Management Limited (POAML) since 2018. Prior to this, ASYE was managed by Askari Investment Limited.

Based on the constitutive document of ASYE, the fund is restricted to place a minimum 70% of net assets in government securities and placing a minimum 25% of net assets as cash or cash equivalents to ensure adequate liquidity.

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