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June Ratings Activity Sees More Downgrades

Six new ratings were issued as well.

June was another active month for Morningstar Analyst Ratings. There were seven downgrades, one upgrade, and six new ratings issued. Below are some of the highlights, followed by the full list of June ratings activity.

Upgrades

Downgrades

Franklin’s tax-exempt funds saw a series of downgrades.

New Ratings

More in Funds

About the Author

Brian Moriarty

Associate Director, Fixed Income Strategies
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Brian Moriarty is an associate director, fixed-income strategies, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.

Before assuming his current role in 2015, Moriarty was a client solutions consultant for Morningstar Office, a practice and portfolio management system for independent financial advisors. Before joining Morningstar in 2013, he was a research assistant for DePaul University's religious studies department.

Moriarty holds a bachelor's degree in political science from Michigan State University and a bachelor's degree in Islamic world studies from DePaul University.

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