Lyxor ETF Euro Cash Assigned 'AAAf/S1+' Fund Credit Quality And Volatility Ratings Jun 08
Standard & Poors, June 2008
Abstract
LONDON (Standard & Poor's) June 18, 2008--Standard & Poor's Ratings Services said today that it has assigned its 'AAAf' fund credit quality rating and its 'S1+' fund volatility rating to Lyxor ETF Euro Cash, a money-market-indexed exchange-traded fund, managed by Lyxor International Asset Management, a wholly owned subsidiary of Lyxor AM. Lyxor ETF Euro Cash is the first exchange-traded fund Standard & Poor's has rated in Europe. The ratings assigned to Lyxor ETF Euro Cash reflect our analysis of the fund's credit quality and investment policies, our assessment of the fund manager's experience and expertise, and our appraisal of the fund's expected sensitivity to changing market conditions. The 'AAAf' credit quality rating signifies that the fund's selection of portfolio holdings...
Companies mentioned in this report are:
- Lyxor ETF Euro Cash
- Societe Generale
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Lyxor ETF Euro Cash
- Societe Generale
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