Magazine : Archives : 1st Quarter 2023
For Your Review
Gender Diversity and Credit Ratings There’s a positive relationship between gender diversity at the highest levels of a bank and strong credit ratings, according to an October 2022 analysis from research firm Morningstar. In a sample of 28 of the largest U.S. banks that are in DBRS Morningstar’s credit rating universe, analysts found that “women represented on average 36% of the executive team for banks rated AA compared to only 22% for banks rated BBB.” They also found similar trends when considering the share of women on the boards of these banks. Overall, women made up 26% of the executive...
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