mmf

Credit rating.

Abbreviation for money market fund.

A suffix added to a credit rating to indicate that it relates to a money market fund.

Risk profiles of funds matter

"From a fund-rating perspective, the overall structure is not the key rating driver for Fitch, rather it's the risk profile of the fund that matters.

Conceptually, we can rate CNAVs, LVNAVs and VNAVs at the AAAmmf rating level.

The new rules will not change our approach to rating MMFs and therefore should not directly affect ratings unless funds' underlying credit, market or liquidity risks increase."

Alastair Sewell CFA, EMEA head of fund and asset manager ratings, Fitch Ratings, The Treasurer, August 2018, p31.

See also

• AAA
• Asset manager
• CNAV
• Credit rating
• Credit risk
• EMEA
• Liquidity risk
• Low-volatility NAV
• Market risk
• Money market fund (MMF)
• VNAV