German Asset Manager Loses Rating After Information Gap

A German asset management company, DF Deutsche Finance Holding AG, recently had its rating canceled. This happened after the rating agency, Scope Fund Analysis GmbH, had already put the company on notice for possible downgrade. The cancellation came after DF failed to provide necessary information. The story starts in September when Scope put DF's rating under review. They thought the company's performance might be slipping. The next month, Scope suspended the rating because DF didn't give them the details they needed. Even though Scope kept trying to work with DF, things didn't improve.Finally, Scope decided to withdraw the rating completely. This was after DF told them they no longer wanted or needed the rating. It's a bit of a mess, really. Why would a company not want to be rated? It's like not wanting to know how you're doing in school. This situation raises some questions. Why didn't DF provide the information Scope asked for? Was there something they were hiding? Or maybe they just didn't think it was important. Either way, it's not a good look for the company. It's also interesting to think about why a company would say they no longer need a rating. Ratings are usually important for investors. They help people decide if a company is a good bet. Without a rating, it might be harder for DF to attract investors. So, why would they take that risk?