Moody’s assigns A1 rating to TCX Fund

Moody’s has assigned an A1 foreign-currency long-term issuer rating to Cardano Development group company TCX, with a stable outlook.

The main factors underpinning this rating are 1) the strong support of highly-rated shareholders and governments 2) the very strong liquidity profile 3) the Fund’s capital adequacy and 4) its prudent and high-quality risk-management policies and practices. The stable outlook reflects Moody’s expectation of solid growth in TCX’s business volumes over the coming years coupled with continued strong shareholder support.

Please read more about this rating action here.