'10 out of 10' | Top Award Ten Years Running
Capital Treasury Services Limited, a leading provider of treasury services on the Isle of Man and part of the Capital International Group, is celebrating the Capital Liquidity Account being awarded the AAAf/S1+ rating by Standards & Poor’s for the tenth consecutive year across all three major currencies.
When the Capital Liquidity Account was launched in 2007 the Bank of England base rate was up at 5.75% - the highest it had been since the turn of the millennium. Over the course of the following 18 months rates fell to 0.50% and is now at an unprecedented all-time low of 0.25%. Attitudes to cash have had to change, clients have realised that they can no longer chase yield whilst benefiting from liquidity and asset security. Today cash is no longer king, but it is not a dead asset class, far from it, as it still offers security and liquidity when professionally managed.
Over the past decade amid some very challenging market conditions Capital Treasury Services has continued to excel and add real value to its clients and the Capital International Group. It is a dynamic, entrepreneurial and visionary part of the Group focused on treasury management, foreign exchange, cash management and payment solutions. The business provides an exciting and dynamic environment offering a professional, reliable and client driven service through the Group’s enduring values of innovation, integrity and excellence.
This focus and drive has been rewarded year on year, and the Group is extremely proud to announce, for the tenth year running, that in August 2016 the three Capital Liquidity Managed Accounts (CLMA) have had their credit quality and volatility ratings affirmed by S&P Global Ratings.
This is a fantastic achievement and we are extremely pleased that following their annual audit visit, the S&P Global Rating Service has once again assigned its AAAf credit quality rating and S1+ volatility rating to the three underlying portfolios of the Capital Liquidity Account (CLA).
- Capital Liquidity Managed Account - GBP
- Capital Liquidity Managed Account - USD
- Capital Liquidity Managed Account - EUR
"We are thrilled to celebrate ten years of continuous innovation, growth and success – the CLA has met every milestone it has set out to achieve while creating a new way to manage cash as an asset class," said John Cookson, Managing Director of Capital Treasury Services."
"We are extremely proud of everyone involved in our continued success, in the affirmation and our business presence for the last 20 years. Long may it continue..." John added.
"August is also our 20th anniversary as a financial services group here on the Isle of Man, and so we begin the month doubly pleased at our accomplishments over the years!"
Greg Ellison, newly appointed Chief Executive for the Group went on to say that, "From experience I know it is an incredibly challenging process to be awarded the highest ratings with Standard & Poor’s, particularly with the economic challenges we have faced over the past decade."
"This rating is a valuable endorsement of the product and the skill with which the team manage our clients’ assets. The Group will continue to focus on providing clients with the level of dedication and professionalism that it has come to be recognised for."