Personal Business: Worth Noting
Some mutual-fund owners will soon be able to find out how risky their bond funds are. This month, Standard & Poor's will unveil ratings that run from aaa (least risk) to ccc, similar to the agency's upper-case grades for bonds. The ratings consider credit, interest-rate, and other risks. Tm start, only 18 funds S&P currently evaluates for credit risk alone will be included, but others should be signing up.