Kroll Bond Rating Agency Assigns AAAkf Fund Rating to StoneCastle Federally Insured Sweep Account (FISA)

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NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) has assigned a AAAkf Fund Rating to the StoneCastle Federally Insured Sweep Account, powered by InterLINK (FISA). The AAAkf rating reflects the Program’s Primary Quantitative Rating (PQR) as measured by the KBRA Funds Credit Quality Rating Matrix, which is based on the credit quality of the underlying instruments that comprise the portfolio. Additionally, the fund rating is influenced by the results of the qualitative assessment of the investment advisor, StoneCastle Cash Management (SCCM). The qualitative shadow rating (QSR) for was found to be strong.

FISA’s investment objective is to provide a high level of current income while maintaining liquidity and providing maximum safety. To meet this objective, FISA utilizes an investment strategy built entirely around investing exclusively in deposit accounts backed by the full faith and credit of the U.S. government.

FISA meets Federal Deposit Insurance Corporation (FDIC) requirements for agency pass-through deposit insurance coverage. As such, investment in the form of deposits at FISA network banks in the amount of $250,000 or less per depositor per bank meet FDIC requirements for deposit insurance. Thus, FISA investments (deposits) are considered backed by the full faith and credit of the U.S. government.

Founded in 2009, SCCM is principally owned by StoneCastle Partners. The parent, StoneCastle, was initially formed in 2003 as a means to help forge a connection between institutional investors and the community banking industry. As of , StoneCastle reports having over 60 employees, over $12.0 billion in assets ($10.5 billion in institutional cash/deposit funding, and $1.6 billion in fixed income and capital investments); 1,200 institutional accounts; and a network of over 800 relationship banks.

The ratings are based on KBRA’s Global Investment Funds Rating Methodology published on .

To read the full report, please click here.

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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Analytical Contacts:
Kroll Bond Rating Agency
Barry Weiss, CFA, Director
(646) 731-2475
Christopher Whalen, Senior Managing Director
(646) 731-2366

Source: Kroll Bond Rating Agency

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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