M* February Fund Upgrades & Downgrades

Ted

FYI: Morningstar manager research analysts upgraded the Morningstar Analyst Ratings of one fund and four target-date series in February, but downgraded 11 funds and three target-date series. We also initiated coverage on two funds and two target-date series. Some notable changes are highlighted here; a complete list can be found in the tables below.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=745317

heezsafe

"Meanwhile, the T. Rowe Price Retirement series has fallen to Silver--still a strong vote of confidence--from Gold. Solid underlying funds and a steady asset-allocation approach give the series a discernible edge over most peers. However, the team's tendency to stick with the status quo when underlying manager concerns arise gives pause, and continued asset growth might lead to a small shift away from active management, a driver of the series' outstanding long-term results." [my emphasis]

Is this a M* poke-in-the-ribs to TRP? Suggesting..... even though underlying funds are actively managed, it is their understanding that the overall asset allocations will be "managed" as well; and, when the manager(s) of underlying funds express trepidation in outlook for certain assets in the near future, then M* expects TRP to tweak the allocation invested in those assets (and they are not seeing that done). Hmmm, should this perceived shortcoming be enough to warrant a rating downgrade?