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Federated Hermes

2024 Top 500 ranking: 31

Has Moody’s downgrade of the US credit rating impacted money market funds?

Has Moody’s downgrade of the US credit rating impacted money market funds?

This is one of those instances when it is best to be direct. As soon as the news hit about Moody’s recent downgrade of the US credit rating, we knew cash managers would be fielding questions about its impact on US money market funds. There are no ramifications: the rating ...

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