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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.

Australia Ratings invites comments and submissions on the following proposed new criteria to be used in evaluating if capital instruments issued by mutual institutions should be considered equivalent to ordinary equity in the credit risk analysis of the entity issuing the capital instruments.

Submissions on the proposed criteria should be sent to and be received by Monday 1 March 2021.  It is expected that Australia Ratings will publish a summary of any submissions received and final criteria on in March 2021.

11 November 2020 – Australian Unity Bonds AFFIRMED BBB+ Rating

Australia Ratings Analytics (Australia Ratings) has reviewed the Australian Unity Bonds, AYUHC and AYUHD (the Bonds), and has affirmed the rating for both as BBB+, with a Product Complexity Rating of GREEN.

Australia Ratings’ analyst, Chris Cudsi, says “the rating reflects the conservative capital buffers maintained by Australian Unity, as well as the issuer’s increasingly diverse business profile”. He added, “the rating will come under pressure if profitability or gearing metrics deteriorate from levels reported in the 2020 financial year”.

Chris Cudsi, Director 03 8080 6684