Tax Collector

Posted on: January 10, 2018

Contra Costa County Investment Pool Rated 'AAAf/S1+'

Dec. 13, 2017, S&P Global Ratings affirmed its 'AAAf' fund credit quality rating (FCQR) and 'S1+' fund volatility rating (FVR) on the Contra Costa County Investment Pool. The affirmation follows a review of the fund under the revised FCQR and FVR criteria (see "Fund Credit Quality Ratings Methodology" and "Fund Volatility Ratings Methodology," published June 26, 2017). The County's Investment Pool has maintained such ratings since November 19, 2007.

The Contra Costa County Investment Pool is invested in accordance with the county's investment policy and the State of California's government code.  Based on these guidelines, the pool is generally invested in U.S. Treasuries, U.S. agencies, municipal bonds, money-market instruments, repurchase agreements, banker's acceptances, commercial paper, negotiable certificates of deposit, corporate notes, medium-term notes, and time deposits.

The 'AAAf' signifies that the credit quality of the fund's portfolio exposure is extremely strong. The 'S1+' signifies that the fund exhibits extremely low volatility of returns comparable to a portfolio of short-duration government securities representing the highest-quality fixed-income instruments available in each country or currency zone with a maturity of 12 months or less.

Click Here for S&P Global's News Release
Facebook Twitter Google Plus Email

Other News in Tax Collector