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Article: Moody's brings ratings to SA's fixed-income funds.(Business Report)

Article from:
The Star (South Africa)
Article date:
June 18, 2007
Copyright

BYLINE: Tonny Mafu

Johannesburg - Moody's Investors Service, the international ratings agency, is spreading its coverage into South Africa's asset management funds.

Christos Costandinides, an assistant vice-president and analyst at Moody's, said last week that ratings would apply to fixed-income funds - funds whose investors receive interest payment on their investment, such as money market and bond funds. Moody's had rated European fixed-income funds for the past 20 years. Money market fund structures in South Africa were comparable to those in Europe and the US.

Ratings will cover credit and market risk. Under market risk, ratings will ...

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