As the agencies become stricter companies with large debts face being downgraded and struggle to borrow or find their bonds losing value, leaving finance directors with few options but to issue more shares to raise cash.
Last week, researchers at investment bank Goldman Sachs said the debt rating agencies are actively reviewing their corporate rating procedures.
Chemicals giant ICI last week issued £800m of new shares at a 45% discount to alleviate its £3bn debt. Evidence suggests other UK companies whose balance sheets need repairing will attempt to reduce debts by raising capital in the same way.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.