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  Mason Stevens Credit Fund affirmed at ‘BBB’  
 
 

Mason Stevens Credit Fund affirmed at ‘BBB’ by Australia Ratings

 Melbourne, 11 July 2014 – Australia Ratings has affirmed its credit rating of ‘BBB’ on the units issued by the Mason Stevens Credit Fund (“the Fund”). Over its first 12 months, the Fund has outperformed its objective whilst building a diversified portfolio.

The rating primarily reflects the weighted average credit quality of the Fund’s investments.

Australia Ratings analyst Chris Cudsi said “Investors in the Mason Stevens Credit Fund benefit from a diversified portfolio of fixed income securities across a range of maturities”.  Mr Cudsi also said “In the 12 months to end May 2014, the Fund achieved a total return of 9.44%, exceeding cash returns of 2.58%.”

A rating of ‘BBB’ represents that the Fund has a moderate level of protection against loss from credit risk on the rating scale used by Australia Ratings for fixed income funds.

The units provide investors with a quarterly distribution of income and a return of principal via a redemption request. Australia Ratings has also assigned its Product Complexity Indicator of ‘YELLOW to the Fund’s units to indicate that an investment in the units represents a complex type of fixed interest investment. 

A full rating report is available from www.australiaratings.com.

Mason Stevens Credit Fund was launched in May 2013 and is managed by Mason Stevens Asset Management, part of the Mason Stevens Group.

For more information contact:

Chris Cudsi, Director

chris.cudsi@australiaratings.com

0403 751 040

03 8080 6684


 

 

 

About Australia Ratings

Australia Ratings is Australia’s local credit rating agency with over 55years 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.

 

What an Australia Ratings Credit Rating and Product Complexity Indicator (PCI) mean

Rating

 

AAA

Highest creditworthiness

AA

Very high creditworthiness

A

High creditworthiness

BBB

Moderate creditworthiness

BB

Modest creditworthiness

B

Vulnerable creditworthiness

CCC

Highly Vulnerable creditworthiness

CC

Extremely vulnerable creditworthiness

C

Very high probability of default

PCI

 

Red

A very complex investment product

Orange

A more complex investment product

Yellow

A complex investment product

Blue

A relatively simple investment product

Green

A plain vanilla investment product

 

 


 

 



 

 

 

 



 

 

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Regulatory & Legal © Copyright 2011 Australia Ratings Site By CIP This website is published by Australia Ratings Pty Ltd (ABN 90 141 393 375), holder of AFS licence 346138.  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.