Friday, October 06, 2017

Melbourne, 6 October 2017 – Australia Ratings has withdrawn its ‘A-‘ credit rating to the Artesian Corporate Bond Fund (the Fund) Class A and B units.

Australia Ratings has also withdrawn its Product Complexity Indicator (PCI) of ‘BLUE’ to the Fund’s units, indicating that an investment in the Fund represents a relatively simple financial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.



© Copyright 2017 Australia Ratings. All Rights Reserved
Site developed by manageWeb
This website is published by Australia Ratings Pty Ltd (ABN 90 141 393 375), holder of AFS licence 346138 and Australia Ratings Analytics Pty Ltd (ABN 95 616 254 294), holder of AFS licence 494552. The information contained in this website is of a general nature only, and does not take into account your objectives, financial situation and needs. You should consult your own professional advisers before making an investment decision.