Standard & Poor's assigns ratings to bond funds and other managed pools of fixed income assets with fluctuating net asset values, including cash-enhancement funds, fix-income hedge funds, local government investment pools, and unit investment trusts.
Standard & Poor's has rated government investment pools (GIPs) since 1994. Credit Quality and Volatility ratings are assigned to address a GIPs’ credit quality, liquidity, risk parameters and management.
Standard & Poor's assigns Principal Stability Ratings to money market funds. These ratings address the ability of a money market fund to maintain principal value and limit exposure to loss.
