Standard & Poor’s Ratings Services (S&P) said that it lowered its corporate credit rating on US clinical documentation solutions provider MModal Inc this week after the company failed to make an interest payment on its unsecured notes on 18 February.
S&P added that it marks the first US-based default in 2014 and raises the global corporate default tally to three issuers. The three defaults so far this year are based in Kazakhstan, Poland, and the US respectively.
Of the 13 defaults that had occurred at this time last year, nine were based in the US, three were based in Europe and one was based in the emerging markets (EM) region. In 2013, the majority of defaulters were based in the US with 43 issuers.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more