All Credit risk and ratings articles – Page 5
-
Thought leadershipFostering dialogue between credit rating agencies and investors
This report rounds off a series of three as part of the PRI’s ESG in Credit Ratings Initiative, which started with the launch of the ESG in Credit Ratings Statement in May 2016.
-
Thought leadershipESG, credit risk and ratings: part 3 - from disconnects to action areas
Credit risk analysis is evolving. Although the basic tenet of assessing whether an issuer can pay back its obligations on time and in full still holds, the global fixed income (FI) community is increasingly seeking ways to factor in sustainability considerations when allocating capital and managing risks.
-
WebinarESG in credit risk analysis: part 2 - exploring the disconnects
Credit rating agency and investor representatives, including Hermes IM, Moody’s Investors Service, Neuberger Berman, Öhman and Pendal Group, discuss the disconnects between investors and credit rating agencies.
-
News and press
The PRI publishes its second report on ESG in credit risk analysis and ratings
The Principles for Responsible Investment (PRI) has today launched a new report, Shifting perceptions: ESG, credit risk and ratings – part 2: exploring the disconnects, examining the gaps between investors and credit ratings agencies (CRAs) highlighted in its seminal work, Shifting perceptions: ESG, credit risk and ratings – part 1: ...
-
Case studyCredit risk case study: Coca Cola Amatil
Case study by Pendal Group (formerly BT Investment Management)
-
Thought leadershipESG in credit ratings: lessons from the automotive sector
The PRI’s forum on ESG in credit ratings that took place in Frankfurt focused on the automotive sector.
-
Thought leadershipThe ESG in Credit Ratings Initiative: looking ahead
While it is still too early to identify solutions to the problems frequently encountered by investors and CRAs when incorporating ESG factors in credit risk analysis, there are ripe opportunities for further work.
-
Thought leadershipInvestor-CRA disconnect 4: communication and transparency
An overview of the PRI’s observations on the investor-CRA disconnect related to communication and transparency.
-
Thought leadershipInvestor-CRA disconnect 3: organisational approaches to ESG
An overview of the PRI’s observations on the investor-CRA disconnect related to organisational approaches to ESG.
-
Thought leadershipInvestor-CRA disconnect 2: relevant time horizons to consider
An overview of the PRI’s observations on the investor-CRA disconnect related to relevant time horizons to consider.
-
-
Thought leadership
Exploring the disconnects between investors and credit rating agencies
ESG factors are not new to credit risks analysis, but ESG as a systematic analysis framework is.
-
Thought leadershipThe ESG in Credit Ratings Initiative
This is the second report in a three-part series and the output of a project which started in 2015 when, following an investor survey, the PRI assembled a working group to improve understanding of how ESG factors affect credit risk analysis.
-
Thought leadershipESG, credit risk and ratings: part 2 - exploring the disconnects
Credit practitioners from investors and credit rating agencies (CRAs) are uniting to discuss environmental, social and governance (ESG) topics.
-
News and press
Shifting perceptions: ESG credit risk and ratings wins big at Savvy Investor Awards 2017
The PRI paper, Shifting perceptions: ESG, credit risk and ratings has been judged the winner of the “Best ESG Paper 2017” in the Savvy Investor Awards 2017.
-
WebinarESG in credit risk and ratings: part 1 - the state of play
The PRI, BlueBay Asset Management and S&P Global Ratings discuss the state of play of integrating ESG factors in credit risk analysis.
-
News and press
PRI publishes new report on ESG factors in credit risk analysis
Building on the successful launch of the ESG in Credit Ratings Statement last year, the PRI has produced a report outlining how investors and credit rating agencies (CRAs) are paying heed to environmental, social and governance factors (ESG) in credit risk analysis.
-
Thought leadershipESG, credit risk and ratings: part 1 - the state of play
Investors and credit rating agencies (CRAs) are ramping up efforts to consider environmental, social and governance (ESG) factors in credit risk analysis.
-
Thought leadershipWhy ESG factors matter in credit risk analysis
Climate change, corporate scandals and the devastating effects of the global financial crisis are all stark reminders of why oversight, lack of transparency and accountability can negatively affect fixed income market pricing, volatility and, ultimately, financial stability.
-
Thought leadership
Understanding credit ratings and ESG factors
It is important to understand what credit ratings actually measure, even if investors are familiar with credit rating agency rating scales: risks that affect fixed income instruments extend beyond credit risk, which is associated with the default probability of a borrower.
