Money market mutual funds could be getting their own ratings system. Dow Jones
' Nathan Becker reports
that Moody's Investors Service
wants comments on its plan to rate money funds with a new five-point scale -- from MF1+ on the high end to MF4 on the low end -- only for money funds.
Fundsters may not be surprised to hear that Moody's is shaking things up when it comes to rating money funds, given the collapse of the Reserve Primary Fund
in September 2008 and other money funds' woes at the time.
According to the wire service, the ratings agency previously modified its traditional long-term debt rating scale for money funds.
Neil Anderson, Managing Editor
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