RPT-Fitch affirms AllianceBernstein Emerging Market Debt Fund 'excellent' fund quality rating
Jan 17 (Reuters) - (The following statement was released by the rating agency)
Fitch Ratings has affirmed AllianceBernstein Emerging Market Debt (EMD) fund's 'Excellent' rating. The fund is managed by AllianceBernstein L.P.
AllianceBernstein EMD benefits from a robust and well balanced investment process that combines the independent inputs of credit and macro-economic research in a disciplined and formalised approach. The fund benefits from the depth of AllianceBernstein's fixed income and support resources, and from a robust IT platform.
KEY RATING DRIVERS
Launched in March 2006, AllianceBernstein EMD is a Luxemburg domiciled fund with USD808m of assets as of end-December 2013, investing in dollar- and local currency-denominated emerging market (EM) sovereign, quasi sovereign, corporate debt, currencies and derivatives.