Morningstar Retools New Fund Outlook Ratings To Avoid "Confusion" With Bonds
- Created: Thursday, 29 September 2011 08:08
Instead of rating funds' prospects on a scale from Triple-A to Single-A, Morningstar will now award them gold-silver-bronze status.
Apparently somebody pointed out that AA, AAA, and similar terms have very specific meanings in the world of bonds and bond funds.
Calling a fund that holds AAA debt an "A fund," for example, would cause endless confusion.
I have to confess that I haven't worked much with Morningstar data for awhile, but they keep calling me to renew my subscription.
Is it as good as it used to be?