Daisy Maxey spoke
to fundsters in the wake of Standard & Poor's downgrade of of the U.S. government's credit rating.
The investment pros told Maxey there are no forced sales of securities as a result of the ratings cut. Meanwhile, possible implications of S&P's move include
"downgrades to other securities or changes to collateral requirements," according to the article.
Those quoted in the article include Tom Luster
, director of invesmtent-grade fixed income at Eaton Vance; Christine Thompson
, chief investment officer at Fidelity Investments' bond group; Andrew McCormick
, head of securitized products at T. Rowe Price; Joe Davis
, chief economist and head of investment strategy at Vanguard Group; Christopher Molumphy
, chief investment officer at Franklin Templeton Fixed Income Group and Kevin Morris
, director of marketing at Principal Funds.
Armie Margaret Lee
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