|
|
 |
|
Viewing report
|
|
|
|
'AAAm' Principal Stability Fund Rating Assigned To HSBC Euro Government Liquidity Fund Oct 11
Standard & Poors, Oct 2011
Abstract
PARIS (Standard & Poor's) Oct. 5, 2011--Standard & Poor's Ratings Services said today that it assigned its highest principal stability fund rating of 'AAAm' to HSBC Euro Government Liquidity Fund, a money market subfund of the Irish-domiciled umbrella fund, HSBC Global 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. HSBC Global Asset Management (UK) Ltd., promoter of the HSBC Euro Government Liquidity Fund, has established this very conservative vehicle to further enhance its offshore money market fund range with a Euro-denominated government money market fund. According to its prospectus, the new subfund...
Companies mentioned in this report are: HSBC Holdings PLC
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.
|
|
|
|
