10% guideline

10% guideline

The standard analysts' principle that funded debt over 10% of the assessed valuation of taxable property for a municipality is excessive.
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This concentration was in excess of Fitch's 10% guideline for aggregated exposure to a single support provider or guarantor.
In comparison, Fitch's criteria for 'AAAmmf' rated funds outlines a 5% guideline for exposures to 'F1' rated issuers, a 5% guideline for exposures to 'F1+' rated issuers with maturities greater than seven days, and a 10% guideline for aggregate 'F1+' obligor exposure.
Although the fund on occasion has exceeded Fitch's 10% guideline, it has been temporary in nature and appears to be driven by short-term redemption activity.