Fitch Rates SSgA Offshore MMFs AAAmmf
Fitch Ratings writes "Fitch Rates Three Existing Money Market Funds Managed by State Street Global Advisors 'AAAmmf'". It says, "Fitch Ratings has assigned the following offshore money market funds managed by State Street Global Advisors (SSgA) 'AAAmmf' ratings: State Street Global Advisors Liquidity PLC - SSgA EUR Liquidity Fund, State Street Global Advisors Liquidity PLC - SSgA GBP Liquidity Fund, and State Street Global Advisors Liquidity PLC - SSgA USD Liquidity Fund. The ratings reflects the funds' extremely strong capacity to achieve their investment objectives of preserving principal and providing shareholder liquidity through limiting credit, market and liquidity risk. The main drivers for assigning the 'AAAmmf' ratings to these funds are the credit quality, diversification, and liquidity of each fund's portfolio of assets and the capabilities and resources of SSgA as investment advisor. As of 16 February 2011, the funds had EUR2.3bn, GBP2.2bn and USD21.1bn assets under management, respectively." Fitch also published, "Fitch Assigns SSgA USD Government Liquidity Fund 'AAAmmf' Rating," which says, "Fitch Ratings has assigned the newly launched State Street Global Advisors Liquidity PLC - SSgA USD Government Liquidity Fund managed by State Street Global Advisors (SSgA) a 'AAAmmf' rating."
