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LGIM Euro Liquidity Fund Assigned 'AAAm' Principal Stability Fund Rating
Standard & Poors
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.
PARIS (Standard & Poor's) May 5, 2011--Standard & Poor's Ratings Services said today it assigned its highest principal stability fund rating of 'AAAm' to LGIM Euro Liquidity Fund, a money market subfund of the Irish domiciled umbrella fund, LGIM Liquidity Funds PLC. The assigning of this rating coincides with the launch of the subfund today. The rating is based on Standard & Poor's analysis of the subfund's credit quality, liquidity, market price exposure, and management. Legal & General Investment Management Ltd., investment manager and promoter of the LGIM Euro Liquidity Fund, has established this new liquidity subfund to extend its institutional money market fund range with a Euro denominated product, which aims to provide investors with capital stability, liquidity and...
Companies mentioned in this report are: Legal & General Group PLC
Action: New Rating
Legal & General Group PLC