Fitch Monitoring Money Mkt Fund Risks, Reaffirms AAA Ratings, Quality.
Fitch Ratings just issued a statement entitled "
Rated Funds Performing Well Under Liquidity Stress", which says, "
Fitch is actively monitoring the impact of structured credit markets liquidity stress on the money market funds it rates. Overall,
Fitch is comfortable that its ratings address the credit, interest rate and liquidity risks associated with U.S. money fund portfolios.... U.
S. money market funds are managed to meet the requirements of Rule 2a-
7 under the Investment Company Act of 1940." Fitch will host a conference call tomorrow on "
Traditional ABCP Liquidity Facilities & Global Banks" at 11amET.