Melbourne, 6 October 2017 – Australia Ratings has withdrawn its ‘A-‘ credit rating to the Artesian Corporate Bond Fund (the Fund) Class A and B units.
Australia Ratings has also withdrawn its Product Complexity Indicator (PCI) of ‘BLUE’ to the Fund’s units, indicating that an investment in the Fund represents a relatively simple financial investment.
Artesian Corporate Bond Fund was established in 2017 and aims to generate a return of 2.75% above the RBA Cash Rate by investing in a diversified portfolio of floating and fixed rate Australian fixed income securities. The units provide investors with a quarterly distribution of income.
For more information contact:
Chris Dalton, Managing Director
0403 584 600
03 8080 6684
About Australia Ratings
Australia Ratings is Australia’s local credit rating agency with over 55 years of experience in assessing and rating credit risk. Australia Ratings was formed in 2010 following regulatory reforms to the operation of credit rating agencies in Australia. Australia Ratings Pty Limited holds Australia Financial Services License No. 346138.
Rating opinions of Australia Ratings are determined by its analytical team in accordance with its rating methodology. The Board of Australia Ratings, whose members include Jarrod Brown, Chris Dalton and Mike Dontschuk, oversee the application of Australia Ratings rating methodology and the integrity of the rating process.