Does anyone know what is the latest on this subject? Did S&P publish more guidelines since their last newsletter on 07-May 2008 - "Standard & Poor's To Apply enterprise Risk Analysis to Corporate Ratings"?
According to that newsletter, S&P was to begin to incorproate ERM into discussion with rated ompanies in the 3rd or 4th Quarter of 2008. They would defer formal scoring of companies ERM capabilities until they have conducted a sufficient number of reviews to permit reliabile benchmarking and published criterias most likely before 2009. Does anyone know this actually happened?
Thank you for you kind attention.
Regards
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Andrea Gu
Manager, Risk Management
Covanta Energy Corporation
Fairfield NJ
United States
AGu@covantaenergy.com -------------------------------------------