In this episode of ESG Talks, Arianne Schreier, an Associate Director on KBRA’s ESG team chats with Andrea Torres Villanueva, an Associate Director on KBRA’s Funds team. Arianne and Andrea discuss the issues and risks surrounding governance controls in the funds space from the perspective of a credit rating analyst. They highlight a notable example of what can happen when a fund does not have appropriate operational management in place to control for these risks, as well as the due diligence that KBRA employs through the credit rating process to mitigate and safeguard against these risks.