Creditworthiness is a quality that is important to all stakeholders of an organisation, especially bondholders. It is posited that good corporate governance practices assist the confidence that stakeholders have in an organization's ability to generate the strong cash flows that are needed to meet financial obligations, which in turn should enhance credit risk assessments. Great concern has been directed to the scandals that happened recently either in the Asian or Western markets. One of the major reasons for these scandals is the lack of good financial transparency and disclosure which can...