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No. 1-Yielding Russell Money Market Fund Gets Moody's Aaa Rating. Moody's Investors Service has assigned its Aaa credit rating to the currently No. 1-ranked (by most recent 7-day yield) Russell Money Market Fund, managed by Russell Investment Management Co, a subsidiary of The Northwestern Mutual Life Insurance Group. "The Russell money market fund is led by a seasoned and cohesive portfolio management team that is supported by a cadre of independent, highly experienced credit research analysts," says Moody's VP Dagmar Silva. "The portfolio management function is further supported by a sound operations infrastructure and a set of regulatory compliance programs designed to ensure the integrity of the firm's money market fund product offerings." Moody's press release adds, "The fund's ABCP exposure is comprised entirely of bank-sponsored programs."
