CRISIL upgrades ING Liquid Plus Fund to ‘AA+f’

CRISIL has upgraded its rating on ING Mutual Fund's ING Liquid Plus
Fund
to 'AA+f' from 'A+f', to reflect the improvement in credit quality of
the scheme's holdings. The 'AA+f' rating indicates that the scheme's
portfolio will provide 'strong' protection against losses arising from
credit defaults.
Earlier on Nov 14, 2008, CRISIL had downgraded the scheme's rating to
'A+f' from 'AAAf', following deterioration in the credit quality of
the scheme's holdings.
CRISIL's rating is not an opinion on fund manager ING Investment
Management (India)'s willingness or ability to make timely payments to
investors, or on the stability of the fund's net asset values (NAVs),
as the NAVs could vary with market developments.

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