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.
In today’s digitally connected world, infinite quantities of data are produced by consumers daily at a mind-boggling pace and volume. With under three months left to prepare, here are four areas for businesses to consider, to make sure they are ready for GDPR implementation.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.