Credit agencies factor organizations' cybersecurity for assessing creditworthiness

Credit rating agencies are beginning to account more for the level of cybersecurity organizations and governments employ to determine their creditworthiness, The Wall Street Journal reports. For instance, S&P Global Ratings analysts reported downgrading scores of companies and governmental institutions because of the inability to provide critical information because of “IT outages.” S&P Associate Director for Corporate Ratings Minesh Shilotri said “proactive communications” by companies with credit agencies following a cyberattack can go "a long way" for a company to maintain a stable credit rating.