Fitch shows lack of derivatives disclosure

CORPORATE GOVERNANCE

"The surprising thing to us was that even though these companies had been reporting under FAS 133 there really isn't enough public disclosure to serve as a basis for decent credit analysis," says Bridget Gandy, managing director at Fitch in London and co-author of the report. "To see that there really isn't that much useful reporting from corporates using FAS 133 is quite surprising."

Fitch compared what corporates reported under FAS 133 with the responses received from its survey of 57

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