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Barclays Institutions Mutual Fund Rated 'AAf' by S&P May 97
Standard & Poors, May 1997
Abstract
LONDON -- Standard & Poor's CreditWire 5/29/97 -- Standard & Poor's today has assigned its double-'Af' rating to Barclays Institutions, a short-term French mutual fund. The Barclays group (Barclays Bank PLC rated double-'A'/'A-1'-plus), is the promoter, investment adviser, and custodian for the fund. This rating reflects the credit quality of the portfolio's assets as well as the soundness of management, administration, and control procedures. The aim of Barclays Institutions is to offer a performance close to that available on the French money market, while maintaining the liquidity of the portfolio. The fund is aimed at investors who wish to invest large amounts for very short periods. The fund's assets consist mainly of commercial paper held directly or by way of...
Companies mentioned in this report are: Barclays Bank 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.
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