|
|
Article: Fitch Ratings: Corporate Governance Issues From the Bondholders' Perspective.
- Article from:
- Business Wire
- Article date:
- April 13, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--April 13, 2004
Fitch Ratings is today publishing its global criteria for evaluating and incorporating the quality of a company's governance practices into its credit ratings process. Fitch believes that corporate governance matters to bondholders, who have been reminded in recent years of the negative impact that a governance breakdown can have on credit quality. Fundamental corporate governance weaknesses can lead to deterioration in a company's credit quality and, in turn, its credit ratings.
This criteria report formalizes Fitch's framework for reviewing corporate governance, which the agency has ...