DWS Institutional Cash Plus Fund Rating Changed To 'AAAm' From 'AAAf/S1+' Jun 11
Standard & Poors, June 2011
Abstract
PARIS (Standard & Poor's) June 7, 2011--Standard & Poor's Ratings Services said today that it has changed its fund ratings on Luxembourg-domiciled money market fund, DWS Institutional Cash Plus to 'AAAm' from 'AAAf/S1+' as a result of the change in the fund's investment policy and holdings. In 2008, Standard & Poor's assigned its 'AAAf' fund credit quality and 'S1+' volatility ratings to DWS Institutional Cash Plus. However, following our review of revisions to the fund's investment policy by the fund manager, DWS Investment GmbH, and in its portfolio holdings, we changed its fund credit quality rating to an 'AAAm' principal stability fund rating. The DWS Institutional Cash Plus offers an accumulating net asset value per share and the fund manager...
Companies mentioned in this report are:
- DWS Institutional Cash Plus
- Deutsche Bank AG
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.
- DWS Institutional Cash Plus
- Deutsche Bank AG
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