A press release entitled, "PFM Funds Government Series Receives a "AAAmmf" Rating From Fitch," says, "PFM Asset Management LLC (PFMAM) today announced that Fitch Ratings has assigned a 'AAAmmf' rating to the PFM Funds Government Series. In a statement issued by Fitch, the rating agency said that their 'AAAmmf' money market fund rating reflects the Fund's extremely strong capacity to achieve the investment objective of providing shareholders with high current income consistent with stability, safety of principal and liquidity in order to maintain a stable net asset value (NAV) of $1.00 per share." (Note that Crane Data does not track the PFM Funds due to a lack of publicly posted performance information.)
