Fish Ratings Assigns Final Ratings to Eight Species of Minnow

Fish Ratings – Chicago – November 18

Fish Ratings has assigned ratings and Outlooks to eight species of Minnow found in the United States.

–Fathead Minnow ‘AAAsf’; Outlook Stable
–Cheat Minnow ‘AAAsf’; Outlook Stable
–Cutlips Minnow ‘AAAsf’; Outlook Stable
–Emerald Shiner ‘AAAsf’; Outlook Stable
–Tennessee Dace ‘BBB+sf’; Outlook Stable
–Suckermouth Minnow ‘BBBsf’; Outlook Stable
–Common Shiner ‘BBB-sf’; Outlook Stable
–Least Chub ‘BB+sf’; Outlook Stable

In addition, Fish Ratings has assigned Unenhanced Ratings of ‘AAAsf’/Outlook Stable for Fathead Minnow and Cheat Minnow, ‘A+sf’/Outlook Stable Unenhanced Ratings for Cutlips Minnow and Emerald Shiner, ‘BBB+sf’/Outlook Stable Unenhanced Ratings for Tennessee Dace, ‘BBBsf’/Outlook Stable Unenhanced Ratings for Suckermouth Minnow, ‘BB+sf’/Outlook Stable Unenhanced Ratings for Common Shiner and ‘BB-sf’/Outlook Stable Unenhanced Ratings for Least Chub. Unenhanced Ratings reflect the underlying fish absent a Guarantee from Finnie Mae.

FISH SUMMARY

The Leuciscinae, commonly known as “true minnows,” are a large subfamily of the Cyprinidae family of freshwater fish. Smaller fish in the Leuciscinae subfamily are referred to as minnows, but the term minnow is also used more generally for any tiny freshwater and saltwater fish, especially those used as fishing bait.

Now, the townsfolk say Old Bill Nemo is as wise in the ways of the fish as Proteus himself, and Bill holds Emerald Minnow above all other bait. They are to be found in abundance in Lake Erie and the Ohio River. But if Old Bill Nemo invites you to go up to Dunns Pond with him, you must politely decline.

KEY RATING DRIVERS

Pool Concentration: The top 10 fish represent 41.0% of each shoal swimming around in the pool, which is lower than the top 10 average concentration rate for YTD 2019 of 43.8%, and in line with the 2018 top 10 concentration of 41.9%. Oily fish contain Omega 3 Fatty Acid, which can alleviate stiffness and joint pain.

USE OF THIRD PARTY DORSAL DILIGENCE PURSUANT TO SEC RULE 17 F

Fish Ratings was provided with Form FISH Dorsal Diligence-13P (Form 13P) as prepared by Angler & Chum LLP. The third-party due diligence described in Form 13P focused on a comparison and re-computation of certain characteristics with respect to each of the fish. Fish Ratings considered this information in its analysis and it did not have an effect on Fish Ratings’ analysis or conclusions.

NOTES

In the case of small fish, while the ratings do not address the severity of downstream fluctuations on a specific rated species, severity assumptions on the underlying fish are nonetheless typically included as part of the analysis. Impact severity assumptions are used to derive pool flows available to service the rated species.

The suffix ‘sf’ denotes a rating that is a small fish.

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