Fitch Ratings has affirmed the Ignis sterling and euro liquidity funds at 'AAAmmf'.
The money market funds are managed by Ignis Asset Management (Ignis) and are set-up as sub-funds of the Irish-domiciled Ignis Liquidity Funds plc.
The main drivers for the ratings affirmation are:
* The portfolios' overall credit quality, diversification and short maturity profiles
* Minimal exposure to interest rate and spread risks
* Overnight and one-week liquidity profiles consistent with Fitch's rating criteria
* The capabilities and resources of Ignis as investment adviser
The 'AAAmmf' money market fund ratings reflect the funds' extremely strong capacity to achieve the investment objectives of preserving principal and providing shareholder liquidity through limiting credit, market and liquidity risk.
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