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ARCHIVE | Criteria | Financial Institutions | Fixed-Income Funds: Funds Rating Criteria: Principal Stability Fund Ratings Criteria For Offshore And European Money Market Funds Feb 07
Standard & Poors, Feb 2007
Abstract
The following specific criterion applies to Offshore and European registered Principal Stability funds, or funds that are not subject to SEC's rule 2a-7. The remaining term to maturity of investments should not exceed 397 days. Nevertheless, exceptions can be permitted for securities with floating or variable rates, and for floating-rate ABS. See the criteria below for details. Standard & Poor's Ratings Services' Principal Stability Fund Ratings Criteria calls for highly rated funds to maintain at least 90% of their assets in highly liquid money market instruments, thus limiting limited liquidity/illiquid securities to no more than 10% of a fund's holdings. In addition to the list of security types specified in the Limited Liquidity/Illiquid Basket section of our principal stability ratings...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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