MICROCAPITAL BRIEF: Moody’s Corporation Developing Standards for Assessing Social Performance of Microfinance Institutions

Moody’s Corporation, a credit ratings and financial analysis company, announced at this month’s sixth annual meeting of the Clinton Global Initiative that it is developing a quantitative, “globally consistent” set of standards for measuring the social performance of microfinance institutions (MFIs). Moody’s is currently working with an unspecified “consortium” of partners to conduct an initial market survey with key stakeholders, such as investors and MFIs, in order “to assess current perceptions of the key factors influencing social performance” [1]. Moody’s will present initial findings from the market study at the Microfinance Impact & Innovation Conference being held in New York City from October 21 to 23, 2010 [2], and will then develop a “more robust methodology” for the initiative [1].

By Lindsey Shaughnessy, Research Associate

About Moody’s Corporation: Moody’s is a ratings and research company that reported revenue of USD 1.8 billion for 2009.

Sources and Additional Resources:

[1] MarketWatch, “Moody’s to Develop Social Performance Assessment of Microfinance Institutions”, September 22, 2010. http://www.marketwatch.com/story/moodys-to-develop-social-performance-assessment-of-microfinance-institutions-2010-09-22?reflink=MW_news_stmp

[2] MICROCAPITAL EVENT: “Microfinance Impact and Innovation Conference, New York, New York, USA, October 21-23, 2010”, August 3, 2010. https://www.microcapital.org/microcapital-event-microfinance-impact-and-innovation-conference-new-york-new-york-usa-october-21-23-2010/

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