IT infrastructure influences credit ratings, say agencies
OPERATIONAL RISK
NEW YORK-- Credit rating agencies, including Standard & Poor’s (S&P), Moody’s Investor Services and Fitch Ratings, are now more frequently assessing buy-side technology in terms of supporting operations and, in some instances, sources of operational risk. However, IT infrastructure issues do not have a direct bearing on their evaluation and grading of buy-side firms, say agencies.
Jonathan Ukeiley, credit analyst at S&P in New York, says while technology factors themselves do not have a direct
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