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Audit Integrity has updated its Investor Watchlist of West European companies it views as having the greatest short-term equity risk. Companies on the list have Audit Integrity’s lowest Accounting and Governance Risk (AGR) Rating of Very Aggressive, and an Equity Model Ranking of 1 (Substantially Underperform Market).

Audit Integrity added a total of 33 companies, comprising 7 large cap, 12 mid-cap, 8 small cap and 6 micro-cap.

The largest additions to the list are oil & gas company TOTAL S.A. (FP), insurer Allianz SE (NYSE:ALV), and regional bank Intesa Sanpaolo SpA (NYSE:ISP).

Audit Integrity removed 23 companies from the high-risk list, including Banco Bilbao Vizcaya Argentaria (NYSE:BBVA), which was added in August, and Cadbury plc (CBRY), which is currently being pursued by Kraft (KFT).

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Source: Audit Integrity Adds to List of High Risk European Companies