CENTENNIAL (S&P Global Ratings) Jan. 30, 2023--S&P Global Ratings today said it assigned its 'AAAm' principal stability fund rating (PSFR) to the North Carolina Cooperative Liquid Assets Securities System (NC CLASS). The PSFR reflects our view of the creditworthiness of the fund's investments and counterparties, market price exposure, its investments' maturity structure, and management's ability to maintain the fund's net asset value, including the policies that it has implemented for this purpose. We expect the pool to launch in the first quarter of 2023. The rating 'AAAm' is the highest PSFR we assign and indicates an extremely strong capacity to maintain principal stability and to limit exposure to principal losses caused by credit risk. The maximum weighted average maturity of
