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2024.8.30
CCXAP publishes its rating methodology for money market funds

Hong Kong, 30 August 2024, China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has published a new methodology for assessing the investment quality of money market funds (“MMFs”). The methodology broadly applies to MMFs globally, with the main goal of preserving principal and providing liquidity to investors. CCXAP has not rated any entities that match our definition of MMFs as of today, so adoption of this methodology is not expected to cause any rating changes.

 

RATING METHODOLOGY FOR MONEY MARKET FUNDS: [LINK]