Standard & Poor's Recommends Investors Sit Tight,

“Standard & Poor’s suggests that investors monitor the situation closely,” said Phil Edwards, managing director of Standard & Poor’s funds research. “We would not recommend that investors sell the funds run by these fund companies until the Attorney General and the fund companies involved release a more detailed analysis of the investigation.”

Edwards said Standard & Poor’s will not remove its recommendations on the four companies’ funds “until more details into the depth and breadth of the investigation are put forth.” He added that “it is still too early to make a call of that magnitude.”