S&P posted the release, "Northern Institutional Funds Treasury Portfolio Rated 'AAAm'", which says, "Standard & Poor's Ratings Services said today that it assigned its 'AAAm' principal stability fund rating to the Northern Institutional Funds Treasury Portfolio. The rating -- the highest assigned to a money-market mutual fund -- is based on our comprehensive analysis of the fund's strategy, investment holdings, market price exposure, and management. Northern Institutional Funds Treasury Portfolio, which was launched on Nov. 5, 2008, seeks to provide a maximum current income consistent with preservation of capital and maintenance of liquidity. The portfolio attempts to achieve its objective by investing mainly in high-quality securities, primarily U.S. Treasuries securities, securities guaranteed as to principal and interest by the U.S. government, and related repurchase agreements. The portfolio is one of seven diversified money-market portfolios in the Northern Trust Institutional Funds. Currently, we rate four portfolios 'AAAm': Government Select Portfolio, Government Portfolio, the Prime Obligations Portfolio, and the Municipal Portfolio." Also, note Crane Data's Peter Crane will be participating in a webinar hosted by SunGard entitled "Trends in Short-Term Cash Investment" at 10:30am EDT this morning.
