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S&P No 1 in Asia again

Standard and Poor's (S&P) has been voted the rating agency that most influences investment decisions in the Finance Asia Fixed Income Research Poll.

Published on December 6, 2007



S&P has claimed the top spot for seven consecutive years.

The results were tabulated from the votes of 300 respondents across the region.

In addition to its overall tally of 53.6 per cent of the votes, which gave it a lead of more than 20 per cent over its closest competitor, S&P again garnered the highest percentage of votes in the individual categories of corporates, sovereign, banks and structured finance.

Since 2001, S&P has consistently topped the poll, which is widely regarded as the definitive published ranking within the Asian fixed-income industry.

This year, the agency's issuer credit ratings in the Asia-Pacific have grown to nearly 1,000. It also continued to help develop domestic capital markets through its joint ventures, CRISIL in India and Taiwan Ratings - both the largest credit-rating agencies in their respective countries.

S&P has been operating in the Asia-Pacific since the mid-1970s. Since then, it has increased its presence to 23 locations, employing over 3,000 staff, located in key financial centres, including Tokyo, Hong Kong, Singapore and Melbourne.

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Bali meeting

The International Chamber of Commerce and the World Business Council for Sustainable Development will jointly stage a Global Business Day next Monday during the 13th Conference of the Parties to the UN Framework Convention on Climate Change at the Conrad Hotel on the Indonesian island of Bali, to press for a new global framework.

The event will bring together climate-change experts and some of the world's top decision-makers from business, government, intergovernmental organisations and non-governmental organisations.

It is hoped the event will send a strong message that business wants a successful completion of a new global climate-change framework beyond 2012 that includes a clear and ambitious long-term strategy for reducing global carbon and greenhouse-gas emissions.

The Nation

 


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