pdf-articles Ratings /ratings/en/research/pdf-articles/211202-esg-credit-indicator-report-card-capital-goods content esgSubNav

ESG Credit Indicator Report Card: Capital Goods

Governance risks weigh on our credit rating analysis for a significant portion of companies in the capital goods sector. This reflects that about 43% are either controlled by private equity firms, which generally focus on maximizing shareholder returns, or have governance shortcomings. For a small number of companies, governance is a positive consideration.