CRISIL, a leading rating agency has downgraded it`s rating on Canara Robeco Liquid Plus Scheme to `AAf``, as the credit quality of the scheme`s portfolio is inconsistent with its previous rating of `AAAf``.
The scheme is managed by Canara Robeco Asset Management Company (CRAMCL), the asset management company (AMC) for Canara Robeco Mutual Fund (CRMF). The `AAf`` rating indicates that the scheme`s portfolio will provide strong protection against losses arising from credit defaults.
Earlier, on Nov. 14, 2008, CRISIL had reaffirmed its rating on another scheme of CRMF, Canara Robeco Liquid Scheme, at `AAAf``.
The scheme is managed by Canara Robeco Asset Management Company (CRAMCL), the asset management company (AMC) for Canara Robeco Mutual Fund (CRMF). The `AAf`` rating indicates that the scheme`s portfolio will provide strong protection against losses arising from credit defaults.
Earlier, on Nov. 14, 2008, CRISIL had reaffirmed its rating on another scheme of CRMF, Canara Robeco Liquid Scheme, at `AAAf``.
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