Morningstar Retools New Fund Outlook Ratings To Avoid "Confusion" With Bonds Hot

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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?






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