Moody’s has announced its criteria for assessments on the quality of corporate governance for major corporations in the US and Canadian debt markets. The ratings agency will publish the first of these assessments this summer. Moody’s Corporate Governance Assessments, or CGAs, will take the form of qualitative discussions of key governance issues and will not apply quantitative ratings or scores. These analyses will be made available to clients of the company’s credit research services. Moody’s stresses that it will pay particular attention to governance practices that have potential implications for credit quality, and thus for its credit ratings. ‘Governance has always been one of the many factors that have gone into our assessment of a company’s credit quality,’ said Moody’s Vice President/ Director, Kenneth Bertsch. ‘What we are doing now is looking at these issues in a more systematic way and sharing more detailed findings with issuers and investors. Our end goal is both to better inform investors and to better inform our ratings,’ Bertsch added.
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.