News & Events
2023.9.5
CCXAP publishes Request for Comment (RFC) on the proposed Rating Methodology for Money Market Funds
Hong Kong, 4 September 2022, China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) proposes to introduce a new methodology for assessing the investment quality of money market funds (“MMFs”). The proposed methodology broadly applies to MMFs globally, with the main goal of preserving principal and providing liquidity to investors.
In this request for comment, CCXAP invites interested market participants to submit written comments on the proposed rating methodology by 4 October 2023 on the Request for Comment page or via email at info@ccxap.com. CCXAP will review and take all received comments into account before publishing the methodology.
PROPOSED METHODOLOGY FOR MONEY MARKET FUNDS: [LINK]
REQUEST FOR COMMENT PAGE: [LINK]