"Six Government Investment Pools Advised By MBIA Asset Management Rated 'AAAm' states a press release posted Friday by S&P. The announcement says, "Standard & Poor's Ratings Services said today that it assigned its 'AAAm' principal stability fund rating to the Connecticut Cooperative Liquid Assets Securities System Plus, Michigan Cooperative Liquid Assets Securities System, New Jersey Cooperative Liquid Assets Securities System, New York Cooperative Liquid Assets Securities System, Texas Cooperative Liquid Assets Securities System, and Wisconsin Cooperative Liquid Assets Securities System. The rating, the highest assigned to principal stability government investment pools, is based on Standard & Poor's analysis of the pools' credit quality, market price exposure, and management. MBIA Asset Management, a wholly owned subsidiary of MBIA Inc., serves as the pools' investment advisor.... In addition to these newly rated pools, MBIA Asset Management is also the manager of the 'AAAm' rated COLOTRUST PLUS+ and PRIME pools and is responsible for the management of 50% of the 'AAAm' rated Puerto Rico Government Investment Trust Fund."
