"Credit FAQs On Government Investment Pools"

Dec 11 07

Standard & Poor's released two reports, "Credit FAQs On Government Investment Pools" and "Report Examines Trends And Performance Of Rated Enhanced Cash Funds". S&P says, "Illiquidity combined with diminishing or negative returns caused sharp declines in assets under management for some funds. Many investors, nervous about contagion risk, opted for the safety of money market funds. The flight to quality has been so severe that several funds are now effectively dormant, and some have requested rating withdrawals." Standard & Poor's has scheduled a teleconference for Thursday, Dec. 13, on these topics .

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