Fitch Affirms BNP's InstiCash EUR Fund at 'AAAmmf'; Withdraws Rating
OREANDA-NEWS. Fitch Ratings has affirmed BNP Paribas InstiCash EUR's 'AAAmmf' rating and simultaneously withdrawn the rating.
Fitch has chosen to withdraw the rating for commercial reasons. Accordingly, Fitch will no longer provide rating or analytical coverage on the fund.
KEY RATING DRIVERS
The affirmation is driven by:
- The portfolio's overall credit quality, diversification and maturity profile
- Low exposure to interest rate and spread risks
- Daily and weekly portfolio liquidity consistent with shareholder profile and concentration
- BNP Paribas Investment Partner's adequate capabilities and resources as investment manager