Fitch Affirms Colorado Local Government Liquid Asset Trust at 'AAA/V1'

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    • Jan 2009
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    Fitch Affirms Colorado Local Government Liquid Asset Trust at 'AAA/V1'

    (PR-inside.com) Fitch Ratings affirms the 'AAA/V1' ratings assigned to the Colorado Local Government Liquid Asset Trust (COLOTRUST PLUS+), a local government investment pool managed and administered by Cutwater Asset Management (Cutwater).The main drivers of the fund's credit rating affirmation are the high credit quality and diversification of the portfolio's assets and the capabilities of Cutwater as pool manager. The fund's 'AAA' fund credit rating reflects the fund's vulnerability to losses as a result of defaults based on the actual and prospective average credit quality of the fund's invested portfolio. As such, the pool is expected to maintain a weighted average portfolio ..

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