Fitch Ratings has published a presale report on five money market investor funding facility related (MMIFF) ABCP programs.

As detailed in the report, Fitch expects to assign an 'F1' rating to each of five ABCP programs that have been created in conjunction with the MMIFF. This Federal Reserve Board initiative is designed to provide liquidity to U.S. money market investors by facilitating the sales of money market instruments in the secondary market. The five programs are structurally identical and differ only with respect to each one's unique list of approved obligors.

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