“The researchers found that many funds told Morningstar they held more triple-A and double-A bonds than they actually did. That misreporting ultimately leads investors to put money into misclassified funds, the researchers said. By their estimate, about 30 per cent of high- and medium-credit quality funds were given a less risky profile in recent years than they should have received.”Financial Times
November 13, 2019
“We need to make sure [Morningstar is] doing their job and doing what they say they do.”
Click on Read More (below) for full text (paywall).
Reputation risk is the peril of economic harm from angry disappointed stakeholders.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
What’s your strategy?