CreditSights integrates risk products

Source: CreditSights

CreditSights, the leading independent global credit market research provider, announced today that it is integrating its BondScore and Ratings quantitative models into a combined risk products platform.

The integration will allow financial industry and investment professionals to locate all information for both BondScore and Ratings within a single, unified website.

CreditSights has also released several new enhancements to its Risk Products suite. These include the:

• Enhanced transparency of BondScore Credit Risk Estimates (1-yr forward probabilities of default) for public non-financial companies through the use of the existing Ratings methodology;

• Introduction of a new private-firm 1-yr PD model for non-financial companies;

• Launch of new global insurer Ratings models that initially covers over 50 EU insurers and over 90 NA insurers;

• Development of a new data visualization spreadsheet that allow Risk Products users to aggregate input and output data for groups of companies, including investment portfolios.

The Credit Risk Estimate (CRE), a one-year forward probability of default, is the core output of BondScore, while the CreditSights Ratings (CSR) provides a medium-term measure of company-level credit risk. As part of the changes, BondScore was upgraded to allow for easy comparison of short-term default risk across broad sectors and geographies.
Roughly 300 private non-financial firms are expected to be covered by early 2016, up from the nearly 200 available now. The integration of BondScore into the Risk Products suite expands CreditSights Ratings coverage by nearly 1,500 companies to over 6,300 firms in total.
 

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