Melbourne, 5 May 2017 – Australia Ratings has withdrawn its credit rating of ‘BBB’ to the Fund’s units. A ‘BBB’ rating indicates a fixed income portfolio has a moderate level of protection against loss arising from credit risk.
Australia Ratings has also withdrawn its Product Complexity Indicator (PCI) of ‘YELLOW” which indicates that the terms and conditions of an investment represents a complex type of investment. The rating and PCI have been withdrawn at the request of the manager of the Mason Stevens Credit Fund.
Mason Stevens Credit Fund was launched in 2013 and aims to generate a return of 3.5% above the Cash Rate by investing in securities that generate both income and yield. The units provide investors with a quarterly distribution of income and a return of principal via a redemption request.
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.