All Credit risk and ratings articles
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ArticleESG in credit ratings and ESG ratings
Credit ratings and ESG ratings are distinct but complementary products. This page aims at providing clarity on the difference between the two, as well as the current offering landscape.
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Webinar
New Green Shoots 2023 - Closing the gap in financing the GBF
In this webinar, we present the headline outcomes of the GBF for the financial sector.
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Recording
PRI in Person & Online: Breakout 5D - Choosing credit-relevant time horizons
This session will discuss how to consider different time horizons in credit risk assessments, exploring the difference between forecasts, scenario analysis and other tools to model uncertainty and unmasking unpriced risks.
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Podcast
ESG in credit risk and ratings: episode 10
In the tenth podcast of a series on the ESG in Credit Risk and Ratings Initiative, Sixtine Dubost (PRI) speaks with Erika Wranegard (Lombard Odier Investment Managers) and Michael Ferguson (S&P Global Ratings) about the ESG information provider landscape and the usefulness of the product and service offering for fixed ...
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Podcast
ESG in credit risk and ratings: episode 9
In the ninth podcast of a series on the ESG in Credit Risk and Ratings Initiative, Sixtine Dubost (PRI) speaks with Lisa Abraham (Brown Advisory) and Florian Grandcolas (EthiFinance) about TCFD’s recommended disclosures and their incorporation in credit risk analysis.
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Workshop summary
ESG in credit risk: Workshop with insurance companies
Corporate bond investors and analysts met with two life insurance groups and discussed issues including the importance of good corporate governance in the sector and the societal cost of the energy transition.
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Podcast
ESG in credit risk and ratings: episode 8
In the eighth podcast of a series on the ESG in Credit Risk and Ratings Initiative, Carmen Nuzzo (PRI) speaks with Barbara Mattos (Moody’s Investors Service) and Jod Hsu (NN Investment Partners) about deforestation and how it can affect credit risk analysis.
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Workshop summary
ESG in credit risk: Workshop with North American banks
Credit analysts met with six representatives from four US and Canadian banks to discuss the importance of good governance, the challenges for banks in gauging clients’ climate exposure, and their concerns over sustainable finance regulation.
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Thought leadership
Are the TCFD recommendations useful for credit risk analysis?
Read about how investors and credit rating agencies use the information provided by companies following the recommendations of the Taskforce on Climate-related Financial Disclosures in their credit risk analysis.
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Webinar
ESG in credit risk and ratings: Modelling uncertainty in credit risk
This webinar, organised as part of the ESG in Credit Risk and Ratings Initiative, explores the differences between forecasts and scenario analysis, in particular, how to consider different time horizons in credit risk assessments.
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Workshop summary
ESG in credit risk: Workshop with UK banks
Credit analysts met with seven representatives from four UK banks to discuss governance and litigation risk, climate change and the net-zero transition, and the prospects for new financing structures such as social bonds.
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Webinar
ESG in credit risk and ratings: broadening the outreach to investment consultants
Investment consultants are critical stakeholders in the investment chain, as they can play a key role in supporting asset owners to develop responsible investment practices. This webinar explores the extent to which ESG incorporation in fixed income approaches are developing and how gaps are being addressed, based on the findings ...
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Workshop summary
ESG in credit risk: Workshop with EU banks
Credit analysts met with 14 representatives from eight EU banks to discuss the importance of good governance, the increased focus on cybersecurity and the new Sustainable Finance Disclosure Regulation
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Webinar
ESG in credit risk and ratings: from performance to prospect assessment
This session will bring together credit analysts and corporate representatives to discuss how to balance static versus strategic ESG disclosure. It will also explore how to promote a more forward-looking approach to credit risk analysis through bondholder engagement and better issuer communication.
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Workshop summary
ESG in credit risk: Workshop with utilities companies
Corporate bond investors and analysts met with eight companies from the utilities sector to discuss progress on capturing ESG opportunities and mitigating risks. Discussions focused on the financial materiality of ESG, and the expected impact of utilities’ sustainability efforts on their creditworthiness.
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Thought leadership
Broadening the outreach to investment consultants
Investment consultants are critical stakeholders in the investment chain, advising institutional asset owners on a range of issues, including the selection, appointment and monitoring of external managers. They can play a key role in supporting asset owners to develop responsible investment practices, and to assess their investment managers’ ESG incorporation ...
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Webinar
Do ESG information providers meet the needs of fixed income investors?
This webinar presents the main conclusions of discussions between credit analysts and ESG information providers of different specialism and scope, on how useful their data and service offerings are for fixed income investors, how the current products are evolving and where gaps remain.
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Webinar
Accelerating ESG Incorporation by Banks and Investors
This webinar, co-hosted by the PRI and the UNEP FI, will bring together leading actors in banking and investment industries to explore the extent to which ESG factors are considered when originating and assessing loans, which back CLOs and other structured products.
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Podcast
ESG in credit risk and ratings: episode 7
In the seventh podcast of a series on the ESG in Credit Risk and Ratings Initiative, Sixtine Dubost (PRI) speaks with Madeleine King (Legal & General Investment Management) and Elisabeth Rudman (DBRS Morningstar) about governance factors, how they affect the probability of default of an issuer or of a bond ...
