LOM Holdings Ltd. yesterday announced that ratings agency Standard and Poor?s had confirmed its AAAm rating on LOM?s US dollar money market funds.

The compan said yesterday the rating indicated an ?excellent? safety level for invested principal as well as ?a superior capacity to maintain principal value and limit exposure to loss?.

In addition, LOM said the rating reflected the ?high credit standards used in selecting investments and sound management practices?.

The company said its investment objective for the US dollar money market fund was to provide preservation of capital, liquidity and returns that are similar to short-term money rates of the currency in which the class is denominated.

It added: ?The fund seeks to achieve its investment objective by purchasing short-term money market instruments with first-tier ratings as defined by nationally recognised rating organisations, whilst maintaining disciplined and effective management.?

The fund is managed by Jon Heckscher and Andrew Baron.