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KBRA Believes ESG Scores Are Not the Right Approach
February 3, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 3, 2021
Kroll Bond Rating Agency (KBRA) releases a report discussing how incorporating environmental, social, and governance (ESG) scores can distract from credit risk analysis. KBRA has demonstrated a willingness to disrupt the status quo with more incisive analysis that is focused on our core mission the assessment of default and recovery risk. We believe this approach serves markets better than the tendency of others to rely on old habits that have become detached from actual default experiences, or sometimes overreact to headlines.