Submitted Dave Astle, Jan 09 2004 12:19 PM | Last updated Jan 09 2004 12:19 PM
What does AAA stand for?
We have found one definition saying:
"What does a Triple A rating mean?
The ILFs are rated independently by the rating agency Moody's Investor Services. AAA (Triple A) is the highest rating that can be assigned by the rating agency to ILFs of this type.
The rating is independent of JP Morgan Fleming and is only given after a thorough examination by the rating agency of a number of elements. These include an examination of the portfolio management team and its investment process, internal control procedures, the quality of securities held by the portfolio and the consistency of performance by the ILFs.
A full technical definition on an AAA rating can be obtained from Moody's Investor Services. "
From: http://www.efs-online.com/efs/faqs/jpmorganfaqs.asp, Q11