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IMA publishes guidelines on using credit ratings responsibly

The Investment Management Association has drawn up guidelines along with other industry bodies to address asset managers’ over-reliance on credit rating agencies.

The IMA together with the European Fund and Asset Managers Association and the European Securitisation Forum produced the guidelines on the responsible use of ratings for securitisation, structured finance and structured credit products.

IMA wholesale director Guy Sears says: “Our members manage other people’s money and act in their clients’ best interests.

“This means that when others rely on you, you should be able and willing to meet that expectation and not blindly follow what a credit rating agency might say.”

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