S&P Rates 15 Cadre Financial Services' Funds AAAm.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 11/12/97 Standard & Poor's today has assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. its triple-`Am' money market fund rating to 15 funds serviced by Cadre Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc. (see below for the complete list of fund names). The trustees of each fund have appointed Cadre Financial to serve as the pool's investment adviser and administrator. In this role, Cadre Financial will supervise the investment program for the pool, coordinate all fund operations, and provide marketing services for fund shares through its affiliate. Cadre Financial is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ambac Capital Corp. which, in turn, is a wholly owned subsidiary of Ambac Financial Group Ambac Financial Group (NYSE: ABK) is an American Insurer of bonds, including municipal bonds. Ambac Financial Group, Inc. (NYSE: ABK) is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both Inc. Currently, Cadre Financial provides investment management or administration to a total of $6.3 billion from 30 investment pools in 19 states. In addition, Cadre Financial currently manages one triple-`Am' rated registered money market fund called the Cadre Liquid Asset Fund liquid asset fund See money market fund. . In order to meet its investment objective, each fund invests its assets in instruments authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by applicable state laws, which govern the investment of public funds See Fund, 3. See also: Public . These instruments typically include but are not limited to U.S. treasury securities U.S. Treasury securities Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. , U.S. government agency securities, repurchase agreements Repurchase agreement An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. collateralized by U.S. treasuries U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. and government securities. In order to minimize fluctuations in the funds' net asset value and provide liquidity to its participants, the weighted average maturity of the portfolio will be managed at 60 days or less. -- Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. Municipal League Local Government Investment Trust - Series 1: Series 1 is an investment portfolio of the Illinois Municipal League Local Government Investment Trust, a common law trust organized and existing under the laws of the State of Illinois. The general objective of this local government investment pool is to obtain for its participants as high a level of current income as is consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at and maintenance of liquidity. The fund has been especially designed for Illinois municipalities. -- Illinois Park District Liquid Asset Fund Plus: Illinois Park District Liquid Asset Fund Plus is a common law trust organized and existing under the laws of the State of Illinois. The general objective of this local government investment fund is to provide a high yield for the participants while maintaining liquidity and preserving capital. The fund has been especially designed for Illinois park districts, joint recreational programs, and forest preserve districts. -- Illinois School District Liquid Asset Fund Plus - Liquid Series: Illinois School District Liquid Asset Fund Plus is a common law trust organized and existing under the laws of the State of Illinois. The trust offers the following separate series to its participants: Liquid Series, Max Series, Managed Account Program (MAP), and multiple Fixed Term Series. The general objective of the fund is to provide a high yield for the participants while maintaining liquidity and preserving capital. The fund has been especially designed for Illinois School Entities. -- Illinois School District Liquid Asset Fund Plus - Max Series: Illinois School District Liquid Asset Fund Plus is a common law trust organized and existing under the laws of the State of Illinois. The fund offers the following separate series to its participants: Liquid Series, Max Series, MAP Series, and multiple Fixed Term Series. The general objective of the fund is to provide a high yield for the participants while maintaining liquidity and preserving capital. The fund has been especially designed for Illinois School Entities. -- Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. League of Cities Investment Pool Plus: The Kentucky League of Cities Investment Pool Plus was organized as a common law trust under the laws of the Commonwealth of Kentucky. The general objective of this local government investment pool is to provide a high yield for the participants while maintaining liquidity and preserving capital. The fund has been especially designed for local governmental units that are members of the Kentucky League of Cities. -- Kentucky School District Liquid Asset Fund Plus: The Kentucky School District Liquid Asset Fund Plus was organized as a common law trust under the laws of the Commonwealth of Kentucky. The general objective of this local government investment pool is to provide a high yield for the participants while maintaining liquidity and preserving capital. The fund has been especially designed for Kentucky School Districts. -- Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). Government Investment Trust: Michigan Government Investment Trust is a trust organized and existing under the laws of the State of Michigan. The trust was established for the purpose of allowing Michigan municipalities to pool their investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company to obtain the highest possible investment yield, while maintaining liquidity and preserving capital. -- Michigan School District Liquid Asset Fund Plus - Liquid Series: Michigan School District Liquid Asset Fund Plus is a fund organized and existing under the laws of the State of Michigan, the School Code of the State of Michigan, and the Urban Cooperation Act of 1967, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . The fund offers the following separate series to its participants: Liquid Series, Max Series, MAP Series, and Fixed Term Series. The fund was established for the purpose of allowing Michigan school districts to pool their investment funds to obtain the highest possible investment yield, while maintaining liquidity and preserving capital. -- Michigan School District Liquid Asset Fund Plus - Max Series: Michigan School District Liquid Asset Fund Plus is a trust organized and existing under the laws of the State of Michigan, the School Code of the State of Michigan, and the Urban Cooperation Act of 1967, as amended. The fund offers the following separate series to its participants: Liquid Series, Max Series, MAP Series, and various Fixed Term Series. The fund was established for the purpose of allowing Michigan school districts to pool their investment funds to obtain the highest possible investment yield, while maintaining liquidity and preserving capital. -- Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. Securities Investment Program - Liquid Series: The
Missouri Securities Investment Program is an instrumentality InstrumentalityNotes issued by a federal agency whose obligations are guaranteed by the full-faith-and-credit of the government, even though the agency's responsibilities are not necessarily those of the US government. of Missouri public school districts and other political subdivisions established under the authority of the Constitution of Missouri. The program is a cooperative investment service established by an Intergovernmental in·ter·gov·ern·men·tal adj. Being or occurring between two or more governments or divisions of a government. in Cooperation Agreement for the investment of surplus funds Surplus funds Cash flow available after payment of taxes in a project. of school districts and other political subdivisions. The program offers the following separate series to its participants: Liquid Series, Max Series, MAP Series, and various Fixed Term Series. The program's investment objective is to provide a means for all participants to achieve a high rate of return while preserving capital and maintaining liquidity. -- Missouri Securities Investment Program - Max Series: The Missouri Securities Investment Program is an instrumentality of Missouri public school districts and other political subdivisions established under the authority of the Constitution of Missouri. The program is a cooperative investment service established by an Intergovernmental Cooperation Agreement for the investment of surplus funds of school districts and other political subdivisions. The program offers the following separate series to its participants: Liquid Series, Max Series, MAP Series, and various Fixed Term Series. The program's investment objective is to provide a means for all participants to achieve a high rate of return while preserving capital and maintaining liquidity. -- Nebraska Nebraska (nəbrăs`kə), Great Plains state of the central United States. It is bordered by Iowa and Missouri, across the Missouri R. (E), Kansas (S), Colorado (SW), Wyoming (NW), and South Dakota (N). School District Liquid Asset Fund Plus: The Nebraska School District Liquid Asset Fund Plus is a separate legal and administrative entity organized and existing pursuant to the Interlocal Cooperative Act and other Nebraska law. The Trust allows Class I, II, III, IV and V school districts, educational service units and technical community colleges to become a participant. The general objective of this local government investment fund is to provide a high yield for the participants while maintaining liquidity and preserving capital. -- Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York Municipal Investment Program: The Pennsylvania Municipal Investment Program is a common law trust organized for the purpose of permitting Pennsylvania municipalities and municipal authorities to pool their investment funds in order to obtain the highest possible investment yield consistent with maintaining liquidity and preserving capital. The program has been organized to allow Pennsylvania municipalities and municipal authorities to engage in cooperative cash management activities, which are expected to result in more efficient utilization of financial resources as contemplated by the Pennsylvania Intergovernmental Cooperation Act. The program's investment objective is to provide participants with a high rate of return on their invested funds while preserving capital and meeting their liquidity needs. -- Pennsylvania School District Liquid Asset Fund - Liquid Series: The Pennsylvania School District Liquid Asset Fund (PSDLAF) is a common law trust organized and existing under the laws of the Commonwealth of Pennsylvania, in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the Pennsylvania Intergovernmental Cooperation Act. The fund offers the following investment series to its settlors: Liquid Series, Max Series, various Fixed Term Series, and MAP Series. PSDLAF's investment objective is to provide all settlors with current income while preserving capital and is specifically designed for Pennsylvania School Entities. -- Pennsylvania School District Liquid Asset Fund - Max Series: The Pennsylvania School District Liquid Asset Fund is a common law trust organized and existing under the laws of the Commonwealth of Pennsylvania, in accordance with the Pennsylvania Intergovernmental Cooperation Act. The fund offers the following separate series to its participants: Liquid Series, Max Series, various Fixed Term Series, and MAP Series. The fund's investment objective is to provide all settlors with current income while preserving capital and is specifically designed for Pennsylvania School Entities. -- CreditWire -0- FUND NAME RATING Illinois Muni League Local Govt Investment Trust-Ser 1 AAAm Illinois Park District Liquid Asset Fund Plus AAAm Illinois Sch Dist Liquid Asset Fund Plus-Liquid Series AAAm Illinois School District Liquid Asset Fund Plus - Max Series AAAm Kentucky League of Cities Investment Pool Plus AAAm Kentucky School District Liquid Asset Fund Plus AAAm Michigan Government Investment Trust AAAm Michigan School District Liquid Asset Fund Plus - Liquid Series AAAm Michigan Sch Dist Liquid Asset Fund Plus - Max Series AAAm Missouri Securities Investment Program - Liquid Series AAAm Missouri Securities Investment Program - Max Series AAAm Nebraska School District Liquid Asset Fund Plus AAAm Pennsylvania Municipal Investment Program AAAm Pennsylvania School District Liquid Asset Fund - Liquid Series AAAm Pennsylvania School District Liquid Asset Fund - Max Series AAAm CONTACT: Brendan This article is about Saint Brendan of Clonfert. For other uses, see Brendan (disambiguation). Saint Brendan of Clonfert or Bréanainn of Clonfert (c. 484 – c. D Gundersen Gundersen is a surname. It may refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (1) 212-208-1837 Walter Wal·ter , Bruno 1876-1962. German conductor noted for his interpretations of Mozart and Mahler. Noun 1. Walter - German conductor (1876-1962) Bruno Walter Dillingham, Jr., New York (1) 212-208-1671 Peter Rizzo, New York (1) 212-208-8057 For more information on criteria or subscriptions: http://www.ratings.standardpoor.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion