Month: September 2026
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Moody’s Takes a Stake in PhilRatings: A Sign of the Philippine Bond Market’s Growing Importance
Moody’s Corporation’s decision to acquire a minority stake in Philippine Rating Services Corporation (PhilRatings) is more than a transaction between two credit-rating organizations. It is a strategic signal about the increasing importance, sophistication and international relevance of the Philippine debt capital market. Moody’s announced on September 14, 2026 that it had agreed to acquire a…
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A spectacular finding from Jan F. Wagner’s investigation
Jan F. Wagner’s investigation into Scope, published in the September edition of Bankmagazin by Springer Professional under the title “Die Reifeprüfung von Scope”, draws attention to a side of the European rating agency that stands in sharp contrast to its recent strategic successes. Jan F. Wagner’s investigation may therefore have raised a question that is…
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Is ESMA Becoming a Rating Agency? Steffen Kern Places Risk Monitoring in the Broader Role of Financial Supervision
The presentation of risks by the European Securities and Markets Authority (ESMA) can easily invite a comparison with the work of a rating agency. Liquidity, market, credit, contagion, operational and environmental risks are assessed and communicated using a colour-coded system ranging from lower to very high risk. Combined with an outlook indicating whether risks are…
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Credit Ratings Enter the Third Dimension: Immersive Analytics at the iff
Credit ratings, default rates and yield curves are traditionally analysed through tables, charts and dashboards. At today’s session of the iff Immersive Finance Forum, Dr. Oliver Everling and Christian Spiekermann demonstrated how three-dimensional visualisation and Virtual Reality can bring these relationships together in a shared spatial environment. Under the title “Immersive Analytics for Finance”, the approximately 80-minute…
