Fitch Affirms SAIF at 'AA-(zaf)'; Withdraws Rating
OREANDA-NEWS. Fitch Ratings has affirmed Sanlam Alternative Income Fund's (SAIF) National Fund Credit Quality Rating at 'AA-(zaf)' and simultaneously withdrawn the rating.
KEY RATING DRIVERS
The affirmation reflects the broad stability of SAIF's credit quality as reflected in its rating distribution and weighted average rating factor, based on surveillance data provided to the agency covering the period up to the date of withdrawal.
Fitch is withdrawing the ratings as SAIF has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for SAIF.
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