All Credit risk and ratings articles – Page 2
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WebinarAccelerating 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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PodcastESG 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 ...
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ArticleDo ESG information providers meet the needs of fixed income investors?
Read the conclusions of our discussion with 20 ESG information providers on how useful their data and product offerings are for fixed income investors and where they need to improve.
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Workshop summaryESG in credit risk: Workshop with borrowers in the chemical sector
Credit analysts met with seven companies from the chemical sector to discuss energy usage and targets, plastics recycling and the need to transition to a sustainable economy.
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PodcastESG in credit risk and ratings: episode 6
In the sixth podcast of a series on the ESG in Credit Risk and Ratings Initiative, Sixtine Dubost (PRI) focusses with Barbara Cohen (Scope Ratings) and Shawn Keegan (Alliance Bernstein) on social factors, how they affect the probability of default of an issuer or of a bond issue and why ...
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WebinarSocial factors as a credit risk: the example of the pharmaceutical industry
This webinar explores how social factors can affect credit risk analysis, using the pharmaceutical industry as an example, given its high exposure to social risks related to customer relations, responsible production, equal access to products and services, demographic and societal trends.
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Workshop summaryESG in credit risk: Workshop with sub-investment grade borrowers (Part 3)
Credit analysts met with seven companies from the transport and healthcare sectors to discuss ESG engagement and disclosure in the high-yield market. Discussions centred around the need for standardised data and the role of third-party ESG ratings providers.
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Discussion paperESG incorporation in securitised products: The challenges ahead
ESG incorporation in securitised products lags other fixed income sub-asset classes and is in its infancy – largely due to the complex nature of the market. However, investor interest is growing.
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Workshop summaryESG in credit risk: Workshop with borrowers in the food value chain
Credit analysts met with eleven companies from the food value chain to discuss deforestation as it affects soft commodities like palm oil, soy and cattle. Discussions focused on establishing the connection between good ESG practices and cheaper debt.
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PodcastESG in credit risk and ratings: episode 5
In the fifth podcast of a series on the ESG in Credit Risk and Ratings Initiative, PRI’s Sixtine Dubost speaks with Judy Wesalo Temel from Fiera Capital and Patrick Welch from KBRA about environmental factors and how they affect the probability of default of an issuer or a bond issue ...
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Workshop summaryESG in credit risk: Workshop with borrowers in the mining sector
Credit analysts met with four mining companies to discuss the sector’s transition from a ‘dirty industry’ facing multiple ESG risks, to a more sustainable business model. Discussions focused on analysts’ and companies’ differing assessments of the issues that pose the biggest financial risks.
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WebinarDeforestation as a credit risk
This webinar looks at deforestation from a credit risk perspective, by exploring how it may affect the probability of default of a debt issuer or of an issue, with various participants of the investment chain.
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Workshop summaryESG in credit risk: Workshop with sub-investment grade borrowers (Part 2a)
Credit analysts met with 20 companies in a range of sectors to discuss ESG engagement and disclosure in the high-yield market. This is the first of two linked reports covering different aspects of their discussions.
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Workshop summaryESG in credit risk: Workshop with sub-investment grade borrowers (Part 2b)
Credit analysts met with 20 companies in a range of sectors to discuss ESG engagement and disclosure in the high-yield market. This is the second of two linked reports covering different aspects of their discussions.
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Blog postKeeping up with credit rating agency progress
By Carmen Nuzzo, Head of Fixed Income, PRI and Sixtine Dubost, Analyst, Investment Practices
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WebinarGovernance assessment: a similar approach for equities vs. debt investors?
Governance evaluation is prominent in ESG analysis and security pricing. During this webinar, we will explore whether and to what extent governance factors are assessed differently by equity and fixed income investors, including relevant metrics.
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PRI Web PageCredit Risk and Ratings Initiative forums
To address some of the disconnects between investors and CRAs that emerged at the start of the initiative, the PRI organised roundtables across the globe aimed at credit risk analysts, fixed income portfolio managers and strategists (ESG analysts were welcome if accompanying their colleagues).
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Workshop summaryESG in credit risk: Workshop with Swiss issuers
This workshop featured four companies from the chemical, financial and food sectors. It was attended by 17 investors from 13 organisations, as well as representatives from seven CRAs and several industry associations.
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PodcastESG in credit risk and ratings: episode 4
In the fourth podcast of a series on the ESG in Credit Risk and Ratings Initiative, Carmen Nuzzo (Head of Fixed Income, PRI) speaks to Naresh Aggarwal (Associate Director, Policy and Technical, The Association of Corporate Treasurers) and Rhys Petheram (Fund Manager, Fixed Income, Jupiter Asset Management), bringing the corporate ...
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News and pressNew PRI-SFAF workshop explores ESG, credit risk and high yield companies
The Principles for Responsible Investment (PRI) and the Société Française des Analystes Financiers (SFAF) continued their collaboration to further the understanding of how environmental, social and governance (ESG) factors impact credit risk analysis by hosting a workshop on 25 November, attended by the participants of the SFAF credit commission, buy-side ...
