A BusinessWire press release entitled, "Fitch Withdraws 'AAAmmf' Ratings on BlackRock's Money Market Funds," says, "Fitch Ratings has today withdrawn the 'AAAmmf' ratings assigned to the following money market funds managed by BlackRock Institutional Management Corporation and BlackRock Advisors, LLC: BlackRock Liquidity Fund: MuniFund, BlackRock Liquidity Fund: Treasury Trust Fund, BlackRock Liquidity Fund: Federal Trust Fund, FFI Treasury Fund (BlackRock), FFI Government Fund (BlackRock), FFI Institutional Fund (BlackRock), FFI Select Institutional Fund (BlackRock), and Master Institutional Portfolio (BlackRock)." The release adds, "At the time of the rating withdrawals, the funds' portfolio parameters were viewed as consistent with Fitch's 'AAAmmf' rating criteria. The withdrawal of the ratings does not reflect any adverse financial factors or the emergence of any negative credit issues. Fitch will no longer provide rating and analytical coverage of these money market funds." These funds continue to be triple-A rated by Standard & Poor's and Moody's Investors Service. The move appears to be a cost-savings and consolidation measure.

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September