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Australian Transparency and Disclosure Standards Well Above Average Nov 01
Standard & Poors, Nov 2001
Abstract
MELBOURNE (Standard & Poor's) Nov. 16, 2001-- Australian companies have some of the highest levels of corporate transparency and disclosure in Asia Pacific, according to Standard & Poor's inaugural Transparency and Disclosure Standards survey. The survey compares the transparency and disclosure levels of companies included in the S&P Asia Pacific 100 Index, based on year 2000 corporate reporting. Standard & Poor's found that Australian companies scored some of the highest rankings in the Asia Pacific region, all showing average to above-average levels of disclosure. Australian companies that performed highly in the rankings included household names such as Amcor Ltd., AMP Ltd., Westpac Banking Corp. and Woolworths Ltd. 'Good corporate disclosure is a leading indicator of good corporate governance. A growing...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),Westpac Banking Corp.,Taiwan (Republic of China) (Unsolicited Ratings),Amcor Ltd.,Woolworths Ltd.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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