AUSTRALIA RATINGS ANNOUNCES SALE OF INVESTMENT RATINGS DIVISION TO FORESIGHT ANALYTICS
Australia Ratings Pty Ltd (Australia Ratings) has announced the sale of its investment ratings division, Australia Ratings Analytics Pty Ltd
(ARA) to Sydney-based Foresight Analytics and Ratings Pty Ltd (Foresight).
ARA was a division of Australia Ratings that assigned investment ratings to managed funds, separately managed accounts (SMAs) and insurance bonds. The investment ratings staff of ARA have transitioned to Foresight and the investment rating service will continue to operate in a similar manner albeit under its new brand of Foresight Analytics. Foresight Analytics and Ratings Pty Ltd is managed by Jay Kumar, a former executive of Morningstar Australia.