The release "Three Additional Share Classes Of Western Asset/Citi Institutional Cash Reserves Rated 'AAAm'" says, "Standard & Poor's Rating Services said today that it assigned its highest principal stability fund rating of 'AAAm' to Class S of Western Asset/Citi Institutional Cash Reserves and Class 1 and Class 3 of Western Asset/Citi Institutional Cash Reserves Ltd. Western Asset/Citi Institutional Cash Reserves is part of a master/feeder structure that invests all of its investable assets in the 'AAAm' rated master fund named the Prime Cash Reserves Portfolio, a diversified, open-end management investment company with same investment objectives and policies. Western Asset/Citi Institutional Cash Reserves Ltd. is another feeder under the 'AAAm' rated Prime Cash Reserves Portfolio and is an open-end, diversified mutual fund that has been incorporated as an exempted company in the Cayman Islands." In other ratings news, S&P writes "Neuberger Berman Money Funds Ratings Withdrawn At Manager's Request", which says the ratings agency, "withdrew its 'AAAm' principal stability fund ratings on the Neuberger Berman Government Money Fund, Neuberger Berman Prime Money Fund, and the Neuberger Berman Treasury Fund at the request of the Funds' manager, Neuberger Berman Management LLC. The Funds' assets, all of which meet our 'AAAm' principal stability fund ratings criteria, were transferred in kind ... into the 'AAAm' rated State Street Institutional Liquid Reserves Fund, State Street Institutional U.S. Government Money Market Portfolio, and State Street Institutional Treasury Plus Money Market Portfolio, respectively, managed by State Street Global Advisors (SSgA). The transfer of the Neuberger Berman money funds' assets does not affect the current 'AAAm' ratings on the aforementioned State Street funds."
