Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>In a recent Insight, <a href="https://www.smartkarma.com/insights/regulating-esg-ratings-in-india-outline-of-sebi-s-proposed-regulatory-framework" target="_blank" data-smartkarma-citation="insights:64468" rel="noopener">Regulating ESG Ratings in India: Outline of SEBI's Proposed Regulatory Framework</a>, I summarised SEBI's proposed regulatory framework for ESG ratings in India. </li>
<li>This Insight goes a bit further, looking at implications of regulation on stocks of ESG ratings providers (ERPs), especially Credit Rating Agencies (CRAs) and Research Analysts (RAs).</li>
<li>Downside risk are minimal for ERPs, but a few scenarios and stipulations related to conflicts of interest and compensation (how ERPs are paid, and by whom) could have an impact.</li>
</ul>


In a recent Insight, Regulating ESG Ratings in India: Outline of SEBI's Proposed Regulatory Framework, I summarised SEBI's proposed regulatory framework for ESG ratings in India. 
This Insight goes a bit further, looking at implications of regulation on stocks of ESG ratings providers (ERPs), especially Credit Rating Agencies (CRAs) and Research Analysts (RAs).
Downside risk are minimal for ERPs, but a few scenarios and stipulations related to conflicts of interest and compensation (how ERPs are paid, and by whom) could have an impact.


Credit Rating Agency Stocks Most Impacted by SEBI Regulation of ESG Ratings in India

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Dun & Bradstreet Holdings  / Equity Capital Markets

<div class="content-highlight"><a href="https://www.smartkarma.com/entities/dun-bradstreet-corp" target="_blank" data-smartkarma-citation="entities:9894:1" rel="noopener">Dun &amp; Bradstreet (DNB US)</a> is getting ready to complete an IPO in the next few weeks. This is a big one as the company has a placeholder to raise up to $1 billion in this IPO. There has been a big turnaround in the IPO market in the past few weeks so the company's timing in this IPO appears to be sound.</div>In February 2019, a consortium of investors including William P. Foley II,  Thomas H. Lee Partners, Cannae Holdings, Inc., CC Capital, and Black Knight, Inc. took Dun &amp; Bradstreet private for $6.9 billion, including debt. It is expected that the IPO will aim to value the company above this buyout price.  The lead underwriters in this IPO include Goldman Sachs, Bank of America Securities, J.P. Morgan, and Barclays.Excellent brand name &amp; deep data capabilities - Dun &amp; Bradstreet is one of the most well-known global providers of data and analytics that help companies to make better decisions (such as providing greater information about commercial credit conditions and confirmation that suppliers are financially viable). Dun &amp; Bradstreet has one of the best brand name recognition in this segment.Big market size &amp; key beneficiary of Big Data - Dun &amp; Bradstreet is likely to be a key beneficiary of the tremendous growth in Big Data &amp; analytics market. The company has access to millions of companies around the world and it can capitalize on Big Data to provide a more accurate and informative data analytics and business intelligence.

Dun &amp; Bradstreet (DNB US) is getting ready to complete an IPO in the next few weeks. This is a big one as the company has a placeholder to raise up to $1 billion in this IPO. There has been a big turnaround in the IPO market in the past few weeks so the company's timing in this IPO appears to be sound.In February 2019, a consortium of investors including William P. Foley II,  Thomas H. Lee Partners, Cannae Holdings, Inc., CC Capital, and Black Knight, Inc. took Dun &amp; Bradstreet private for $6.9 billion, including debt. It is expected that the IPO will aim to value the company above this buyout price.  The lead underwriters in this IPO include Goldman Sachs, Bank of America Securities, J.P. Morgan, and Barclays.Excellent brand name &amp; deep data capabilities - Dun &amp; Bradstreet is one of the most well-known global providers of data and analytics that help companies to make better decisions (such as providing greater information about commercial credit conditions and confirmation that suppliers are financially viable). Dun &amp; Bradstreet has one of the best brand name recognition in this segment.Big market size &amp; key beneficiary of Big Data - Dun &amp; Bradstreet is likely to be a key beneficiary of the tremendous growth in Big Data &amp; analytics market. The company has access to millions of companies around the world and it can capitalize on Big Data to provide a more accurate and informative data analytics and business intelligence.

United States

Dun & Bradstreet Holdings, Inc. provides data and analytics solutions. The Company delivers workflows to inform commercial credit decisions and other related services. Dun & Bradstreet Holdings serves customers worldwide.

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Dun & Bradstreet Holdings (DNB US)

Credit Rating Agency Stocks Most Impacted by SEBI Regulation of ESG Ratings in India

The potential impacts of SEBI's proposed framework for regulating ESG ratings are unclear at this stage, but a few things (related to conflicts of...

Kyle Rudden

Dun & Bradstreet IPO Preview

Dun & Bradstreet (DNB US) is getting ready to complete an IPO in the next few weeks. This is a big one as the company has a placeholder to...

Douglas Kim

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