The provisions of Islamic debt instruments may add levels of complexity to ratings analysis, but longstanding methodologies and rating scales are sufficiently broad so far to incorporate the varied features of Islamic debt financing, according to a report by Standard & Poor’s. ‘Islamic financing largely centers on asset-backed approaches and sometimes involves a degree of risk-sharing more commonly borne by equity investors,’ said credit analyst Kristel Richard. ‘In practice, however, as illustrated in the ‘sukuk’ (Islamic bonds), binding guarantees and other contractual obligations can place transactions firmly in the debt category.’
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.