Reich and Tang's Daily Dollar International AAAm Rating Was Withdrawn. The AAAm principal stability rating on the $40 million Daily Dollar International Ltd., sponsored by Reich & Tang Asset Management LLC, has been withdrawn at the request of the sponsor, according to a press release from Standard & Poor's. S&P will no longer perform weekly surveilance on the fund. The fund is an "offshore" money market mutual fund registered in the Cayman Islands. The larger, $2.1 billion Daily Dollar International II continues to be rated AAA by S&P and Moody's. Reich & Tang is a subsidiary of Natixis Global Asset Management.

Email This Article

Use a comma or a semicolon to separate

captcha image