MOODY'S KENT EEN RATING TOE AAN 5 NIEUWE COMPARTIMENTEN, BEVESTIGT DE RATING VAN 7 BESTAANDE COMPARTIMENTEN EN VERLAAGT DE RATING VAN 3 COMPARTIMENTEN DIE BEHEERD WORDEN DOOR DEXIA ASSET MANAGEMENT
Moody's Investors Service kent volgende ratings toe:
- Dexia Bonds USD: Aaa/MR3
- Dexia Index Euro Bonds: Aaa/MR3
- Dexia Bonds Global Europe: Aaa/MR4
- Dexia Bonds Euro Government Plus:Aa/MR3
- Dexia Bonds Euro: Aa/MR4
De vier compartimenten van Dexia Bonds maken deel uit van de Bevek Dexia Bonds, die in Luxemburg op de officiële lijst van instellingen voor collectieve beleggingen (ICB’s) staat (wet van 30 maart 1988).
Dexia Index Euro Bonds is een compartiment van de Bevek Dexia Index.
Deze vijf compartimenten worden beheerd door Dexia Asset Management (Dexia AM). Deze zeer ervaren vermogensbeheerder gebruikt stevig onderbouwde systemen voor portefeuillebeheer, effectenhandel, audit en compliance. Dexia AM is binnen de financiëledienstengroep Dexia het centrum voor research, financiële analyse en vermogensbeheer. Het is gespecialiseerd in het beheer van activa voor rekening van institutionele cliënten, ICB’s en private-banking-cliënten.
De kredietratings van de fondsen weerspiegelen de bevindingen van het ratingbureau op het vlak van de beleggingskwaliteit en het vermogen om een hoog liquiditeitsniveau te leveren waarmee ze probleemloos schulden kunnen aflossen.
Dexia Banque Internationale à Luxembourg (Dexia BIL) treedt op als depothoudende bank en administratiekantoor voor de in Luxemburg gevestigde fondsen en Dexia Bank België vervult die taken voor Dexia Index Euro Bonds, Dexia Allocation en Dexia Invest. Moody’s prijst de solide interne controle van beide depothoudende banken en de hoge kwaliteit van de boekhoudkundige en administratieve dienstverlening die ze aan de compartimenten leveren.
Moody's Investors Service bevestigt de ratings van de volgende obligatiefondsen:
- Dexia Allocation European Bonds: Aaa/MR3
- Dexia Index European Bonds: Aaa/MR3
- Dexia Allocation Belgian Bonds: Aa/MR3
- Dexia Allocation Euro Bonds: Aa/MR3
- Dexia Allocation Mortgage Bonds: Aa/MR3
- Dexia Index Belgian Bonds and : Aa/MR3
- Dexia Invest Euro Bonds: Aa/MR3
Moody's Investors Service verlaagt de ratings van:
- Dexia Allocation International Bonds van Aaa/MR4 naar Aa/MR4;
- Dexia Index International Bonds van Aaa/MR4 naar Aa/MR4;
- Dexia Invest Euro Corporate Bonds van Aa/MR3 naar A/MR3.
De downgrade voor deze drie Belgische compartimenten weerspiegelt enkel en alleen de verminderde kredietkwaliteit van het beleggingsuniversum van hun indexen (na de downgrade van Japan van Aa1 naar A2): de JPM Global Traded Index voor de eerste twee compartimenten en de Lehman Brothers Euro Corporate voor het compartiment Dexia Invest Euro Corporate Bonds.
Dexia Allocation wordt gecommercialiseerd in België, Frankrijk, Luxemburg, Nederland en Zwitserland.
Dexia Index wordt gecommercialiseerd in België, Frankrijk, Luxemburg, Nederland en Zwitserland.
Dexia Bonds wordt gecommercialiseerd in België, Frankrijk, Duitsland, Italië, Luxemburg, Nederland, Spanje en Zwitserland.
Dexia Invest wordt gecommercialiseerd in België, Frankrijk, Luxemburg, Nederland en Zwitserland.
De ratings die Moody's aan obligatiefondsen toekent, drukken de opinie van het ratingbureau uit over de beleggingskwaliteit van de portefeuille van fondsen die hoofdzakelijk beleggen in langetermijnobligaties. De beleggingskwaliteit van obligatiefondsen met een rating van Aaa, Aa en A is volgens Moody’s dezelfde als die van, respectievelijk, obligaties met rating Aaa / Aa / A, d.w.z. de beste / van hoge kwaliteit/ of bezit .meerdere interessante investeringskwaliteiten.
Moody’s quoteert niet alleen de kredietkwaliteit, maar kent ook een marktrisicorating toe op een schaal van 1 tot 5. Fondsen met de laagste gevoeligheid voor marktveranderingen krijgen een MR1-rating, de gevoeligste fondsen krijgen een MR5.
De ratings MR3 en MR4 staan resp. voor gemiddelde / hoge gevoeligheid voor veranderende rentetarieven en andere marktvoorwaarden.
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