Efectiveness of portfolio management

 

Investment grade:

G aaa	The consistency of the portfolio investment policies, the absolute return levels and the returns adjusted by risk are excellent compared to portfolios with similar characteristics.
G aa	The consistency of the portfolio investment policies, the absolute return levels and the returns adjusted by risk are higher than to portfolios with similar characteristics.
G a	The consistency of the portfolio investment policies, the absolute return levels and the returns adjusted by risk are high compared to portfolios with similar characteristics.
G bbb	The consistency of the portfolio investment policies, the absolute return levels and the returns adjusted by risk are acceptable compared to portfolios with similar characteristics.
G bb	The consistency of the portfolio investment policies, the absolute return levels and the returns adjusted by risk are low compared to portfolios with similar characteristics.
G b	The consistency of the portfolio investment policies, the absolute return levels and the returns adjusted by risk are lower compared to portfolios with similar characteristics.

The ratings may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.