Ratings agency Moody’s Investors Service is to expand its research and analysis in several areas of corporate credit analysis that are of growing relevance and importance to investors and lenders. Moody’s’ will apply greater analytical focus and commit additional resources’ to its analysis and published research on the quality of financial accounting and the transparency of corporate disclosure, corporate governance issues, and risk management and derivatives issues related to credit. The ratings agency will introduce dedicated teams of specialists to augment its existing staff of credit analysts. The teams will comprise experts with professional backgrounds in accounting, corporate governance, and derivatives analysis, including trading exposures and off-balance sheet risk transfer structures. ‘There is a growing expectation that rating agencies should have the ability and responsibility to look more comprehensively behind the numbers,’ said Raymond McDaniel, president of Moody’s Investors Service, in explaining the action.
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