OREANDA-NEWS. Fitch Ratings has affirmed three funds managed by Nedgroup Investments and simultaneously withdrawn the National Fund Credit Quality and National Fund Volatility ratings as follows:

-Nedgroup Investments Core Income Fund affirmed at 'AA-(zaf)'/'V2(zaf)'; withdrawn
-Nedgroup Investments Corporate Money Market Fund affirmed at 'AA+(zaf)'/'V1(zaf)'; withdrawn
-Nedgroup Investments Money Market Fund affirmed at 'AA+(zaf)'/'V1(zaf)'; withdrawn

KEY RATING DRIVERS
The affirmation reflects the broad stability of the funds' credit and market risk profiles, based on surveillance data provided to the agency covering the period up to the date of withdrawal.

Fitch has withdrawn the rating as Nedgroup Investments has chosen to stop participating in the rating process due to the change in Fitch's regulatory status in South Africa. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for these funds.