Rating the future: the investors’ perspective

Credit asked investors at some of the largest fixed income asset managers in the world their thoughts on the future of the rating agencies. Almost four years on from the start of the financial crisis, it is clear the agencies’ efforts to repair their reputations is still a work in progress.

Luke Spájic, head of European credit portfolio management at Pimco

“Rating agencies are meant to assess default risk and talk about impairment of asset quality – the risk to cashflows on any credit. The good