All Credit risk and ratings articles – Page 6
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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.
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Thought leadership
Investor-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.
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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.
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Thought leadership
The 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.
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Thought leadership
ESG, 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.
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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.
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Webinar
ESG 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.
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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.
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Thought leadership
ESG, 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.
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Thought leadership
Why 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.
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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.
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Thought leadership
What rating agencies are doing on ESG factors
ESG factors are not completely new to credit analysis
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Thought leadership
How investors are approaching ESG factors and credit risk
A majority of PRI signatories say they use some form of ESG approach when investing in FI instruments, but ESG consideration is still far from being an integral element of the credit assessment process.
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Thought leadership
Materiality and visibility of ESG factors in credit risk analysis
Many investors believe that CRAs should take a more proactive approach to highlighting ESG considerations in their analysis.
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Thought leadership
Environmental issues gaining traction
The COP21 Paris Agreement has contributed to renewed focus on environmental factors. Climate-related risks could diminish or increase, depending on how countries implement legislation and policies to fulfil their nationally determined contributions to reduce greenhouse gas emissions.
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Thought leadership
Communication and transparency
Many of the hurdles in the way of systematic and transparent incorporation of ESG factors in credit ratings and analysis can be ascribed to how credit risk-related information is conveyed.
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PRI Web Page
Statement on ESG in credit risk and ratings (available in different languages)
By signing the ESG in credit risk and ratings statement, credit rating agencies and fixed income investors commit to incorporating ESG into credit ratings and analysis in a systematic and transparent way. To date, the statement is supported by more than 180 investors (with over US$40trn in collective AUM) and ...
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PRI Web Page
负责任投资原则”（PRI）关于信用评级中的 ESG声明
我们签署，并认识到环境、社会和企业治理（ESG）因素会影响借款人的现金流量以及拖欠债务的可能性。因此ESG因素是评估借款人信用的重要因素。
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Case study
Using the Extractive Industries Transparency Initiative (EITI) to enhance credit ratings assessments
Case study by Extractive Industries Transparency Initiative (EITI)
