Fitch Ratings has revised its ratings on seven money market funds to its highest score, following the launch of its new rating criteria and rating scale.

The funds, which were previously rated AAA/V1+, and one AAAV1, have had their ratings revised to AAAmmf, which is Fitch’s highest rating. Fitch said this reflects the funds’ more conservative investment profiles, portfolio liquidity and reduced risk during a period of heightened market uncertainty.

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