Standard and Poor's Says No Downgrades on Rated Money Market Funds. S&P Director Peter Rizzo tells us, "Standard & Poor's assigns principal stability fund ratings to more than 450 money market funds globally. Of these, only a handful have any exposure to the ABCP programs that were extended this week. We are monitoring the credit market situation closely and to date have not taken any actions on any rated funds." Separately, S&P awarded AAAm ratings to UBS Select Prime, UBS Select Treasury and UBS Select Tax-Free "Master" Funds. All have Preferred, Institutional and Investor "Feeder" Funds. S&P also rated government investment pool (GIP) West Virginia Government Money Market Pool and West Virginia Money Market Pool AAAm.

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