Fitch Ratings has launched a Ratings Assessment Service for clients contemplating strategic transactions. As part of this service, Fitch will provide clients with a confidential opinion on how a transaction such as an acquisition, capital restructuring or off balance sheet financing would affect their credit rating. Clients will also be able to obtain information on how their ratings would change under a range of different scenarios – what would happen, for example, if they raised USD250 million of new debt instead of the planned USD200 million. Fitch will allocate conditional ratings to each scenario provided by the client via a confidential ratings letter. This letter will contain a definition of the scenario, an explanation of the rationale behind the conditional rating and the terms and conditions necessary for conversion to a final rating.
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.