NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the ratings of the following five money market funds managed by BofA Global Capital Management:
--BofA Government Plus Reserves,
--BofA Government Reserves,
--BofA Money Market Reserves,
--BofA Municipal Reserves,
--BofA Treasury Reserves.
All of the funds were rated 'AAAmmf' prior to the withdrawal.
Fitch is withdrawing the ratings of the five money funds as they no longer exist. BofA Municipal Reserves was liquidated and the remaining funds were merged into money funds managed by Blackrock Advisors, LLC, following the acquisition of the Bank of America money-market fund business by Blackrock. Accordingly, Fitch will no longer provide ratings or analytical coverage for the funds.
Additional information is available at 'www.fitchratings.com'.
Global Money Market Fund Rating Criteria (pub. 10 Dec 2015)