Moody’s Investors Service has new rating policy paper in an attempt to provide greater transparency in its corporate bond rating process. ‘Understanding Moody’s Corporate Bond Ratings and Rating Process,’ sets out Moody’s core bond rating principles and explains the meaning, uses, and performance of Moody’s bond ratings. Christopher Mahoney, Chairman of Moody’s Credit Policy Committee, said that, while ratings are intended to be a simple and readily-understood signal about credit risk, the bond rating system has evolved in an institutional setting that has created complexity, not all of which is well understood by investors or issuers: ‘We are covering some ground that we have never covered before in a public document.’ The paper explains that Moody’s rating system — which includes signals, such as rating outlooks and rating reviews, in addition to the ratings themselves — has evolved ‘to provide timely information about potential changes in fundamental credit risk while preserving the relative rating stability sought by institutional investors’.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more