Press Release

VIS reaffirms Fund Stability Rating of UBL Liquidity Plus Fund
 

Karachi, January 13, 2022: VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of UBL Liquidity Plus Fund (ULPF) at ‘AA+ (f)’ (Double A Plus (f)). The previous rating action was announced on January 06, 2021.

ULPF was launched with a mandate to provide competitive returns to unit-holders while maintaining a conservative risk profile and high liquidity.

The fund’s offering document limits exposure to AA rated and above exposures, with exposure to cash and cash equivalents and government securities allowed to the extent of 100% of net assets. Actual asset allocation of the fund was dominated by cash and T-Bills in FY21 with the fund remaining compliant with credit quality stipulations.

The current investment policy limits Weighted Average Maturity (WAM) of the portfolio at 90 days while single asset maturity is limited at 6 months for which the fund remained compliant during the period under review. Net assets of the fund witnessed a sizeable growth end-June’21 closing at Rs. 30.5b (FY20: 19b)



For further information on this rating announcement, please contact Ms. Sara Ahmed (Ext: 207) or the undersigned (Ext: 204) at (021) 35311861-66 or email at info@vis.com.pk





Faryal Ahmed Faheem
Deputy CEO


Applicable Rating Criteria: Fund Stability Ratings (December 2020
https://docs.vis.com.pk/docs/FundstabilityRating.pdf

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Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2022 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

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