“Michigan-based Trinity Health’s rating remains unchanged after its decision to unload Chicago-based Mercy Hospital through a Chapter 11 bankruptcy but the decision that has faced pushback from local officials could pose reputational risks, S&P Global Ratings said in a bulletin last week.”Bond Buyer
February 18, 2021
““We believe there is reputational risk around the decision to file bankruptcy […],” S&P said.”
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Markets value ESG, so reputation risk is material to institutional investors and credit raters.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.
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