S&P to Wthdrw Rtgs on Five SGAM Funds on Dec. 1, 2001.Business Editors PARIS--(BUSINESS WIRE)--Standard & Poor's Nov. 2, 2001--Standard & Poor's will withdraw on Dec. 1, 2001, its rating on French money market fund SGAM SGAM Schweizerische Gesellschaft Für Allgemeinmedizin (Swiss Association for General Medicine, aka: SSMG) premiere jour and its credit quality and volatility Volatility 1. A statistical measure of the tendency of a market or security to rise or fall sharply within a period of time. 2. A variable in option pricing formulas that denotes the extent to which the return of the underlying asset will fluctuate between now and the ratings on SGAM premiere associa, SGAM premiere 3-5 ans, SGAM premiere 5-7 ans, and SGAM premiere 7-10 ans. (See list below for rating details.) The withdrawals are at the request of Societe Generale Asset Management (SGAM), the funds' investment adviser. As SGAM's activities are rated on a group basis, the asset management company no longer wishes the funds to be rated individually. From Dec. 1, 2001, Standard & Poor's will no longer assume surveillance of the credit quality of the funds' assets or their market risk.
RATINGS TO BE WITHDRAWN ON DEC. 1, 2001
SGAM premiere jour Bond fund
rating
AAAm
Credit quality Volatility
rating rating
SGAM premiere associa AAAf S1
SGAM premiere 3-5 ans AAAf S2
SGAM premiere 5-7 ans AAAf S3
SGAM premiere 7-10 ans AAAf S4
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion