Higher rated companies have larger proportion of women on board, says Moody's
Companies based in advanced economies reflect a correlation between board gender diversity and credit ratings, but those in emerging markets do not, it said. This study considered 24 companies rated Aaa, 146 companies rated Aa, 728 companies rated A, 1,165 companies rated Baa, 582 companies rated Ba, 394 companies rated B, 90 companies rated Caa and nine companies rated Ca.
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