Scope Rating Agency Awards Overall Score of AA to CFB, Citing the Issuing House for Superior Management Quality

The Scope Management Rating appraises the quality of a given company in its function as service provider vis-à-vis its contract partners. Scope scrutinizes to what extent the company exploits opportunities and eschews risks in its dealing with investors or other third parties. While assessing the corporate structure, the valuation also centres on management competences and historic performance.

In late August 2010, Scope awarded CFB the overall score of AA (“very high quality”) for its management quality. Receiving an AA+ score, the real estate fund segment slightly outperformed the ship fund and energy fund segments, who were cited for excellence with an AA score each. This makes CFB one of Germany’s best managed investment companies for closed-end funds. Indeed, CFB has thus improved its scores in the segments real estate and ship since the 2008 rating.

The rating confirms that CFB – seen from an investor’s perspective – successfully develops and manages closed-end funds as a company characterised by competence and a highly professional set-up. The agency underlined the high level of competence in all segments and the long-term business and industry experience of the management in charge of them, backed not least by continuity in terms of staff assignments.

“This basis should enable the company to keep putting funds of a high-level quality on the market,” the Scope Rating concluded.

---