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S&P To Withdraw Ratings on Gamax Funds — 'Maxi-Bond'
Business Wire, July 10, 2000
Business Editors
LONDON--(BUSINESS WIRE)--Standard & Poor's
July 10, 2000-- Standard & Poor's will withdraw its triple-'Af' credit quality and 'S4' bond fund volatility ratings on the Luxembourg domiciled international bond fund, Gamax Funds -- 'Maxi-Bond' on July 31, 2000.
The ratings are being withdrawn at the request of Gamax Management AG, the fund's sponsors, following the soon-to-be-implemented change in investment strategy by the fund managers, Rothschild Asset Management Ltd.
After July 31, 2000, Standard & Poor's will no longer assume the surveillance of the credit quality of the fund's assets or market risk. ---CreditWire
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