One of the World’s Biggest Bond Fund Managers Warns of `Dangerous’ Credit-Ratings Dynamic

The chief investment officer of one of the world’s biggest bond funds is warning of “dangerous” assumptions in the credit market, where inflated ratings may be giving investors a false...

By Tracy Alloway, Michael MacKenzie, Joe Weisenthal · Bloomberg

The chief investment officer of one of the world’s biggest bond funds is warning of “dangerous” assumptions in the credit market, where inflated ratings may be giving investors a false sense of security just as the Federal Reserve faces limits on its ability to step in.