Rating agency Standard & Poor’s is planning on improving its analytical approach to rating junk or speculative-grate rated debt in an effort to provide greater insight and transparency into the asset-class, partly as a result of pressure from the market to do so.

S&P said that it would carry out several enhancements to its analytical coverage, including greater concentration on “near-term” risk factors within a two-year period, the improvement of business risk assessments and bolstering the detail in published reports.