Standrd & Poors assignement for Interamerican Fixed Income Domestic Bond Fund | Eurobank
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Standrd & Poors assignement for Interamerican Fixed Income Domestic Bond Fund

Following the fund management takeover of Interamerican Fixed Income Domestic Bond Fund from EFG Mutual Fund Management Company in November 2004, Standard & Poor’s assigned it with Credit Quality Rating Af.
Following the fund management takeover of  Interamerican Fixed Income Domestic Bond Fund from EFG Mutual  Fund Management Company in November 2004, Standard & Poor’s assigned it with Credit Quality Rating Af.
The ‘Af’ credit quality rating is based on current assessments of the mutual fund’s portfolio reflecting Standard & Poor’s analysis (Credit Quality Rating). The ‘Af’ rating signifies that the selection of portfolio holdings and counterparties provides strong protection against losses from credit defaults.
The rating which reflects Standard & Poor’s appraisal of the fund’s expected sensitivity to changing market conditions (Volatility Rating) is S2, that is
Interamerican Fixed Income Domestic Bond Fund
Credit Quality Af
Volatility Rating S2
In principal, Standard & Poor’s monitors the portfolio on a monthly basis to check the consistency of its credit and volatility profiles with the assigned ratings. Standard & Poor’s analysis is a long lasting, continuous, and sophisticated procedure based on the following qualitative and quantitative criteria:
  • the skills and the expertise  of the management team
  • the long term performance of the fund
  • the structure of the management company and the internal audit procedures
  • the size and the stability of the organization responsible for the management of the mutual funds .
According to Mr. Aris Xenofos, Managing Director of EFG MFMC, “The fund ratings of the Interamerican Mutual Funds come after three years of consistent and successful credit and volatility assignment by Standard & Poor’s for the Eurobank Mutual Funds, which reflect both the constant effort & commitment of the company to provide quality services in management and the discipline respect to the investment principles pressed by each fund’s Regulation”.