...June 2, 2023 LONDON (S&P Global Ratings) June 2, 2023--S&P Global Ratings today said it has assigned its 'AAAm' principal stability fund rating (PSFR) to Federated Hermes Short-Term Euro Prime Fund, a subfund of Federated Hermes International Funds PLC, domiciled in Ireland. The subfund, managed by Federated Hermes (UK) LLP, is approved as a short-term, low volatility net asset value fund under EU Money Market Fund regulation. The 'AAAm' rating is the highest PSFR we assign and indicates the fund's extremely strong capacity to maintain principal stability and limit exposure to principal losses caused by credit risk. The PSFR assignment is based on our analysis of: - The creditworthiness of the fund's investments and counterparties; - Its investments' maturity structure; and - Management's ability and policies to maintain the fund's stable net asset value. The 'AAAm' rating coincides with the launch of the subfund this week, which continues Federated Hermes's expansion of liquidity products...
