Fitch Withdraws Four SSGA Money Market Funds' Ratings
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has withdrawn the ratings of the following four money market funds managed by SSGA Funds Management, Inc.:
--SSGA Money Market Fund;
--SSGA Prime Money Market Fund;
--SSGA U.S. Government Money Market Fund;
--SSGA U.S. Treasury Money Market Fund.
The ratings of all of the funds were 'AAAmmf' prior to the withdrawal.
Fitch is withdrawing the ratings of the four money funds as they no longer exist. SSGA Money Market Fund merged into State Street Institutional Liquid Reserves Fund (Admin Class). SSGA Prime Money Market Fund merged into State Street Institutional Liquid Reserves Fund (Trust Class). SSGA U.S. Government Money Market Fund merged into State Street Institutional U.S. Government Money Market Fund (Admin Class). Finally, SSGA U.S. Treasury Money Market Fund merged into State Street Institutional Treasury Plus Money Market Fund (Trust Class). Accordingly, Fitch will no longer provide ratings or analytical coverage for the funds.
Fitch continues to maintain the 'AAAmmf' ratings on the remaining State Street money market funds:
--State Street Institutional Liquid Reserves Fund;
--State Street Institutional Treasury Money Market Fund;
--State Street Institutional Treasury Plus Money Market Fund;
--State Street Institutional U.S. Government Money Market Fund.
Date of Relevant Rating Committee: July 27, 2016
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria
Global Money Market Fund Rating Criteria (pub. 10 Dec 2015)
https://www.fitchratings.com/site/re/874565
Additional Disclosures
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1011274
Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160906006181/en/
Fitch Ratings
Primary Analyst
Greg Fayvilevich
Senior
Director
+1-212-908-9151
Fitch Ratings, Inc.
33 Whitehall
Street
New York, NY 10004
or
Secondary Analyst
Chelsea
Nguyen
Analyst
+1-646-582-4917
or
Committee
Chairperson
Alastair Sewell, CFA
Senior Director
+44 20
3530 1147
or
Media Relations
Hannah James, +
1-646-582-4947
[email protected]
Source: Fitch Ratings
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