Fitch Affirms and Withdraws Ratings on RECM Money Market Fund
OREANDA-NEWS. Fitch Ratings has affirmed and withdrawn the AA+(zaf)/V1(zaf) ratings on the RECM Money Market Fund.
KEY RATING DRIVERS
The affirmation reflects the stability of the fund's credit and market risk profile, based on surveillance data provided to the agency covering the period up to the date of withdrawal.
Fitch has withdrawn the rating as RECM has chosen to stop participating in the rating process due to the change in Fitch's regulatory status in South Africa. Therefore, Fitch will no longer have sufficient information to maintain the rating and accordingly, will no longer provide ratings or analytical coverage for this fund.
Not applicable as the ratings have been withdrawn.