Our review of global management and governance (M&G) assessments for about 1,300 entities owned by financial sponsors, rated using our corporate methodology, shows that the vast majority of them have fair M&G, which we see as consistent with the specific attributes of the financial-sponsor ownership. We examined corporations that we assessed as having satisfactory M&G and revised our assessments on 13 entities to fair to reflect the specific governance features typical of private-equity-owned companies. These changes in our M&G assessments have no impact on our outstanding ratings on these entities. We have therefore affirmed all our ratings on the companies subject to the revision of M&G assessments. The outlooks are unchanged. NEW YORK (S&P Global Ratings) July 22, 2021--S&P Global
