New global fund rating system from Morningstar/OBSR

The launch introduces a rating scale that can be readily understood by investors worldwide, says joint managing-director, Richard Romer-Lee. This has involved the adoption of a new naming convention for Morningstar’s global Analyst Rating scale - chiefly, explains Romer-Lee, so as to avoid creating unnecessary confusion with ratings issued by the credit rating industry. The intention is that Morningstar will adopt the new ratings scale as from the  fourth quarter of this year when icons move from alphabetical to colour ratings and OBSR will make the transition to the new scale in the ...