CRISIL upgrades ING Liquid Plus Fund to ‘AA+f’

MUMBAI: CRISIL has upgraded its rating on ING Mutual Fund���s ING Liquid Plus Fund to ���AA+f��� from ���A+f���, to reflect the improvement in credit quality of the scheme���s holdings. The ���AA+f��� rating indicates that the scheme���s portfolio will provide ���strong��� protection against losses arising from credit defaults.

Earlier on Nov 14, 2008, CRISIL had downgraded the scheme���s rating to ���A+f��� from ���AAAf���, following deterioration in the credit quality of the scheme���s holdings.

CRISIL���s rating is not an opinion on fund manager ING Investment Management (India)���s willingness or ability to make timely payments to investors, or on the stability of the fund���s net asset values (NAVs), as the NAVs could vary with market developments.