Sarasota County Investment Pool Fund Credit Quality Rating Raised To 'AAAf'; 'S1' Fund Volatility Rating Affirmed

CHICAGO (S&P Global Ratings) Dec. 5, 2017--S&P Global Ratings today said it raised its fund credit quality rating (FCQR) on the Sarasota County Investment Pool to 'AAAf' from 'AAf' and affirmed its 'S1' fund volatility rating (FVR). The rating actions follow our review of the County's pool under our revised FCQR and FVR criteria (see "Fund Credit Quality Ratings Methodology" and "Fund Volatility Ratings Methodology," published on June 26, 2017). At the same time, we removed the regulatory identifier "UCO" (under criteria observation) from the ratings. We had placed the UCO identifier on the ratings on June 26, when we published the revised criteria. The fund's primary investment objective is the safety of capital of funds, and all other investment

...CHICAGO (S&P Global Ratings) Dec. 5, 2017--S&P Global Ratings today said it raised its fund credit quality rating (FCQR) on the Sarasota County Investment Pool to 'AAAf' from 'AAf' and affirmed its '##' fund volatility rating (FVR). The rating actions follow our review of the County's pool under our revised FCQR and FVR criteria (see "Fund Credit Quality Ratings Methodology" and "Fund Volatility Ratings Methodology," published on June 26, 2017). At the same time, we removed the regulatory identifier "UCO" (under criteria observation) from the ratings. We had placed the UCO identifier on the ratings on June 26, when we published the revised criteria. The fund's primary investment objective is the safety of capital of funds, and all other investment objectives are secondary to the safety of capital. The pool is structured to provide sufficient liquidity to pay obligations upon the due date. The pool seeks to achieve its investment objectives by investing in an actively managed portfolio consisting...

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