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Innovest Releases New Ratings For Consumer Finance Sector

Submitted by: Innovest Strategic Value Advisors, Inc.

Categories: Finance, Ratings & Awards

Posted: May 21, 2007 – 04:59 PM EST

 

May 21 /CSRwire/ - NEW YORK, NY - May 21 2007 - Innovest Strategic Value Advisors has released updated Intangible Value Assessments for the 17 companies in the new Consumer Finance sector.

Individual company ratings can be purchased for $100 each. Ratings for all companies in the sector are available for $1,360. To purchase, please click here or visit www.csrwire.com/reports/ratings_cf.

The Consumer Finance sector was created this year as a result of the reorganization of Diversified Financials by product rather than by geography. Because companies were rated against the new universe, this sector restructuring caused some companies ratings to shift in this rating cycle. Companies in this sector include:

Acom Company Limited
Aeon Credit Service Company Limited
Aiful Corp.
Aktiv Kapital ASA
American Express Company
Capital One Financial Corp.
Cattles PLC
CIT Group Inc
Credit Saison Company Limited
Mitsubishi UFJ Nicos Company Limited
Orix Corporation
Paragon Group Of Companies PLC
Promise Company Limited
Provident Financial PLC
Sfcg Company Limited
SLM Corp.
Takefuji

How companies respond to rising consumer over-indebtedness and manage growing regulatory scrutiny is a key driver for strong performance in this sector. Cattles (AAA) has shown strong leadership by making responsible lending a big part of its sustainability strategy. The company has improved its underwriting processes and compliance monitoring procedures to ensure that its acceptance of credit risk is carefully controlled and product offering is based on the needs and suitability of customers. The company is also shifting away from providing UK home credit, a business area which has been scrutinized by the public and regulators in recent years.

Although the medium-term outlook of the overall sector is rather bleak as more stringent credit regulations and reforms are now underway or being proposed, companies were favorably rated relative to peers if they were successfully diversifying their operations away from the business areas under stakeholder scrutiny and swiftly adapting to new regulatory requirements ahead of the enforcement and of competitors.

Other noteworthy rating changes include:

Paragon Group Of Companies PLC – previously rated B, now rated BBB
Credit Saison Company Limited – previously rated BB, now rated BBB

Downloadable reports for companies in the sector and more are available for purchase through Innovest's partner, CSRwire

Some of the areas of analysis for Innovest's IVA ratings include:

  • Environmental Strategy and management
  • Regulatory/Stakeholder relations
  • Health and Safety
  • Carbon Risk Mitigation
  • Labor Relations
  • Product Safety
  • Workplace issues
  • Supply Chain
  • Human Rights

    By assessing differentials typically not identified by traditional securities analysis, Innovest’s IVA ratings uncover hidden risks and value potential for investors. Ratings range from AAA (best) to CCC (worst). Scores on sub factors range from 10 (best) to 0 (worst).

    About Innovest

    Innovest Strategic Value Advisors is an internationally recognized investment research and advisory firm specializing in analyzing companies’ performance on environmental, social, and strategic governance issues, with a particular focus on their impact on competitiveness, profitability, and share price performance.

    Innovest currently has offices in New York City, Toronto, San Francisco, London, Paris, Sydney, and Tokyo.

  • For more information, please contact:

    Peter Wilkes Innovest Strategic Value Advisors
    Phone: 212-421-2000 x216
    Phone: 802-251-0110 x1105

     

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