News | 11.19.19
Rating Agencies Boost ESG Risk Analysis
Credit rating agencies are increasing their efforts to identify environmental, social, and governance (ESG) risks for leveraged companies. Fitch Ratings launched its ESG approach for corporate and leveraged credits in January and shows relevant risks that can impact credit quality in a separate section of its credit reports. The firm aims to include the ESG approach in all published credit reports by mid-2020. Moody's, meanwhile, increased the prominence of ESG analysis in its leveraged credit reports in September, while S&P Global Ratings developed a separate ESG Evaluation product that takes a broader look at risks, in addition to publishing reports that include relevant ESG risks for some sectors and companies, including some leveraged firms.
Read the full article on Reuters