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Technical

The Treasurer's handbook - corporate credit ratings: a quick guide

  Lucy Symondson, Rothschild Debt Advisory, London |   Free |   The Association of Corporate Treasurers |   Oct 2014 |   www.treasurers.org

This article provides a quick guide to corporate credit ratings. This includes:

• What is a credit rating? • The rating agencies and the types of credit rating • Rating agency methodology • Financial risk analysis • Typical adjustments • Dealing with the rating agencies • Other considerations and useful websites.

Topics covered:
  • Management accounting: Technical: Corporate finance & treasury management: Corporate funding, Foundational

1 Comments/Reflections

Jamie Wesencraft

Jamie Wesencraft Aug 2016

One of my ambitions is to get a job working in our Corporate head office in Houston, which would mean working on corporate finance deals.

I recognise corporate finance to be an area that I have not yet had much exposure to in my career to date so I will try to make use of my CPD to gain exposure to certain areas in this field.

Due, in part, to the general economic downturn in the energy sector my company has recently seen its Moody's credit rating impaired so this article was incredibly useful in developing my understanding as to the various factors that would be considered by the agency, and also how the scoring system works.