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Zenith reaffirms Metrics ratings amid doubts
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Financial Standard
Zenith Investment Partners has reaffirmed all ratings for Metrics Credit Partners' funds following the recent downgrades by another research house.
Two of Metrics' funds were downgraded by Lonsec over governance concerns earlier this month.
The downgraded funds were the Metrics Income Opportunities Trust from 'recommended' to 'investment grade', and Metrics Master Income Trust from 'highly recommended' to 'recommended'.
Despite noting similar issues persist, Zenith Investment Partners head of alternatives and global fixed income Rodney Sebire upheld the ratings for all of Metrics' funds, stating that Metrics, as a growing business, will encounter "additional complexities".
The Metrics Income Opportunities Trust retained the 'recommended' rating, while the Metrics Master Income Trust remains 'highly recommended' under Zenith's assessment.
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