ARCHIVE | Criteria | Financial Institutions | Fixed-Income Funds: Treatment Of FDIC-Guaranteed Commercial Paper In Rated Money-Market Funds Apr 09
- ID: 1819283
- April 2009
- Standard & Poors
Standard & Poor's Ratings Services' believes that commercial paper (CP) guaranteed by the Federal Deposit Insurance Corp. (FDIC) would fit within our minimum guidelines for securities rated 'A-1+' or equivalent for its principal stability fund ratings (PSFRs) regardless of our credit rating on the issuer. This would include rated government and treasury money-market funds, as long as certain conditions are met. We do not anticipate any rating changes resulting from this criteria update. We are refining and adapting our methodology and assumptions for funds ratings related to "Criteria: Principles of Corporate and Government Ratings," published June 26, 2007, on RatingsDirect. We are publishing this article to help market participants better understand our approach to reviewing PSFRs. This article updates and...
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