Fitch has announced the opening of Fitch Polska S.A. Formerly known as the Central European Rating Agency – CERA S.A., the subsidiary will offer both international and national ratings. Fitch Polska is the first office of an international rating agency within Central Europe. Although the debt security market in Poland is still relatively poorly developed, ratings are taking an increasingly greater role, so enabling corporations and local governments, among others, to use more sophisticated transactions to acquire capital by issuing bonds as well as facilitating attempts to obtain bank loans. In turn, ratings give prospective investors credible information about the financial conditions of firms and local governments and thus decrease the costs of their investing activity.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.