LGIM Euro Liquidity Fund Assigned 'AAAm' Principal Stability Fund Rating
- ID: 1771527
- Standard & Poors
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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