"Western Government MMF Rated AAAm
"Western Asset Institutional Government Money Market Fund's New Hub Spoke Funds Rated 'AAAm'" says S&P. The release states, "Standard & Poor's Rating Services said today that it assigned its highest principal stability fund rating of 'AAAm' to the Government Portfolio, Western Asset Institutional Government Money Market Fund - Premium Class; and to Western Asset Government Money Market Fund Ltd. - Class 1, 2, and 3. At the same time, we affirmed our 'AAAm' rating on the Western Asset Institutional Government Money Market Fund, which is changing the name of these shares from 'Class A' to 'Institutional Class.'" The release adds, "While the Western Asset Institutional Government Money Market Fund is a U.S.-domiciled money market fund, the Western Asset Government Money Market Fund Ltd. is an open-end, diversified mutual fund incorporated as an exempted company in the Cayman Islands." See also S&P's "Lone Star Investment Pool Liquidity Plus Fund Ratings Changed To 'AAAm' Principal Stability Fund Rating" and "Colorado And Florida Surplus Asset Fund Trusts Placed On CreditWatch Negative". In other news, see "Institutional Cash Distributors (ICD) Client Assets Surge Following Government Actions and Platform Enhancements."
