PARIS (Standard & Poor's) May 29, 2009--Standard & Poor's Rating Services said
today that it has withdrawn its 'AAf/S3' fund credit quality and fund
volatility ratings on two fixed-income subfunds of the Luxembourg-domiciled
umbrella fund, Pleiade SICAV (see Ratings List below).
We are withdrawing the ratings at the request of Geneva-based Banque SCS
Alliance S.A., the sponsor of the funds.
The credit profile of the funds, in our view, is unlikely to remain
consistent with the requirements of an 'AAf' fund credit quality rating
because the funds will seek opportunities to enhance performance by investing
in a wider selection of investment-grade-quality securities. As a result,
Banque SCS Alliance is no longer requesting external surveillance and fund
ratings on the respective funds.
As of today, Standard & Poor's will no longer monitor the credit and
volatility profiles of the funds.
Ratings List
Withdraw
To From
Pleiade Euro Bonds Fund NR AAf/S3
Pleiade U.S. Dollar Bonds Fund NR AAf/S3
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