"​Money Market Funds Tackle '​Exuberant Irrationality'" Says S and P

"S&​P writes, "In light of recent actions taken by some money market funds to freeze redemptions and implement payments in kind in lieu of cash distributions--​and some funds' failure to maintain a stable $​1.​00 per share net asset value (​NAV; "​break the buck"), Standard & Poor'​s Rating Services has taken several rating actions on money market funds during the past two weeks. Questions remain as to fund managers' reaction to the current market crisis, as well as future repercussions for investors globally.""