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More than a year after Fitch Ratings raised concerns about a loophole allowing corporates to obtain supply chain financing without classifying it as debt, Moodys has issued its own warning over the financing solution.In a recent announcement, Moodys Investors Service concluded that supply chain finance, also known as reverse factoring, has the potential to weaken liquidity and limit visibility for investors and shareholders. Calling for new requirements to improve the transparency of corporates use of reverse factoring, Moodys noted that few businesses actually disclose their use of this supply chain financing tool, while others may not adequately understand the risks a [url=https://www.stanleycups.pl]stanley cup[/url] ssociated with it.Reverse factoring, in which a corporate buyer initiates an invoice financing tool for its supplier base, contributed to high-profile defaults including that of Spain energy giant Abengoa and, more recently, Carillion in the U.K. Users of financial statements may not be aware of a customers usage of reverse factoring, despite the potentially material consequences, Moodys Associate Manag [url=https://www.stanley-cups.ro]stanley cup[/url] ing Director William Coley said in a statement last m [url=https://www.stanleycups.co.nz]stanley mug[/url] onth. The customer itself may not fully understand the added risk that accompanies the use of this financing technique. According to Moodys, corporates may deploy reverse factoring tools as part of a broader strategy of supply chain control. When reverse factoring is used to stretch working capital, Moodys said, or when a customers credit quality degrades Qszd The Wealth Effect and Other, Opposite Effects
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