An opinion of the maturity-adjusted credit quality of investments within mutual funds and similar investment vehicles that principally invest in fixed income obligations
An assessment scale which differentiates fund assessments from credit ratings through the use of a distinct set of symbols (e.g, Aa-bf).
The assessment framework uses a credit matrix, for which we may use historical and/or forward-looking data as inputs, along with other factors which may be assessed outside the credit matrix, including considerations from our cross-sector rating methodologies, if relevant.
As a result, the credit matrix outcome is not expected to match the actual BF- assessment for each bond fund.
Fund sponsors may use Bond Fund Assessments to inform market participants about the credit quality of the fund's portfolio.
Disclaimer
Please note that a Bond Fund Assessment is not a credit rating.
Let’s discuss your needs and how we can support you.
