FYI: Our fund analyst ratings are forward-looking qualitative measures representing our conviction in a fund's ability to outperform during a full market cycle. Though ratings tend to be stable, we do adjust them occasionally. We upgrade funds if some change leads us to believe that they're more likely to outperform, and we downgrade them when we think the opposite. Today, we're looking at three funds that have recently been downgraded.
Regards,
Ted
https://www.morningstar.com/articles/946462/3-recently-downgraded-funds