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Rating downgrades and payment delays not new to debt mutual funds

Rating downgrades and payment delays not new to debt mutual funds

Finance
The prospects of debt mutual funds are back in focus after Kotak Mutual Fund’s fixed maturity plans (FMPs) failed to return investors’ entire money on account of delay in repayment by two Essel group companies. In the past too, investors in various debt schemes have been affected by ratings downgrades of investments, defaults or delay in repayments. ET looks at such instances. Amtek Auto MF: JP Morgan TIME: August 2015 SCHEMES: JP Morgan India Short Term Income Fund and JP Morgan India Treasury Fund FALL IN NAV: 1-3% BRICKWORK RATINGS brought down its rating to C from A+, while CARE suspended coverage of Amtek Auto. Soon, JP Morgan side-pocketed the Amtek Auto exposure and allotted units to investors. In December, JP Morgan sold Amtek Auto bonds at 85% of the value. Investors, who stayed i
Are you seeking top-rated responsible investing funds? There's a rating for that

Are you seeking top-rated responsible investing funds? There's a rating for that

Finance
If you want to see how the funds you're invested in fare when it comes to environmental, social and governance factors, there's a rating for that. The Morningstar Sustainability Rating measures how well an investment fund's holdings stack up on ESG issues compared to its peers. The measurement is put together using the thousands of portfolios that Morningstar collects from mutual funds, ETFs and managed portfolios around the world. The firm then applies company-level data from its partner firm, Sustainalytics, to come up with asset-weighted scores for funds. ...
UK film age rating rules get stricter for scenes of sexual violence

UK film age rating rules get stricter for scenes of sexual violence

Entertainment
Under-15s will no longer be able to go to see films that depict rape and other sexual violence under new rules set by Britain's film ratings body.The British Board of Film Classification (BBFC) surveyed more than 10,000 people and found it to be among parents' main concerns.Any film showing sexual violence will now get at least a 15 rating rather than a 12 or a 12A.The BBFC also wants its ratings to appear on all streaming services.BBFC chief executive David Austin said a film like Keira Knightley's 2008 drama The Duchess, which was classed as a 12 at the time, would be made a 15 today because it included a rape scene."What parents told us was, that's too much for 12-year-olds," he told BBC News. "It's enough that a 12-year-old k...
Patients criticised for rating GPs' looks on social media

Patients criticised for rating GPs' looks on social media

Health
Patients have been criticised for taking photos and videos of doctors and then asking people online to rate how attractive they find them.Social media posts of doctors are being shared without their consent, the British Medical Association's annual meeting heard.Such posts "violate" their privacy, the meeting in Brighton was told. Delegates voted in favour of a motion condemning patients for sharing private appointment recordings online. 'Insidious'Dr Zoe Greaves, a trainee GP who proposed the motion, said in most cases patients who posted photos and videos of their doctors without consent were doing so for baby scans or a child's first GP appointment.But some posts were "far more insidious", she said, like those rating doctors on their attractiveness, a...
UK's credit rating downgraded by Moody's

UK's credit rating downgraded by Moody's

Business
The UK's credit rating has been cut over concerns about the UK's public finances and fears Brexit could damage the country's economic growth.Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1.It said leaving the European Union was creating economic uncertainty at a time when the UK's debt reduction plans were already off course.Downing Street said the firm's Brexit assessments were "outdated".The other major agencies, Fitch and S&P, changed their ratings in 2016, with S&P cutting it two notches from AAA to AA, and Fitch lowering it from AA+ to AA.Moody's said the government had "yielded to pressure and raised spending in several areas" including health and social care.It says revenues were unlikely to compensate for the higher spending.Media pla...