01 August 2014

Standard & Poor's releases CreditStats Direct module

16 January 2008  |  2806 views  |  0 Source: Standard & Poor's

Standard & Poor's, a leading provider of financial market intelligence, announced today the launch of CreditStats Direct.

Available as a module of RatingsDirect, the leading web-based source for Standard & Poor's global credit ratings and research, CreditStats Direct puts into clients' hands the financial statement data, as adjusted by Standard & Poor's ratings analysts to use in their credit analysis. This adjusted data gives clients deeper insight into Standard & Poor's ratings and methodologies.

Standard & Poor's ratings analysts make certain adjustments to published financial statement data in order to better reflect underlying economics, enable more meaningful peer and period comparisons, normalize different estimates and assumptions, and better reflect creditors' risks and rights. With CreditStats Direct, clients can have a view into these analyses for North American and European Corporate and Utility entities to inform their own assessments of credit quality and risk.

"It has long been our practice to make analytic adjustments to issuers' financial statement data to achieve greater consistency across different accounting methods and get a better view of issuers' financial position and risk," said Solomon Samson, Managing Director and Chief Criteria Officer for corporate ratings at Standard & Poor's. "The information that CreditStats Direct provides will foster better understanding of the fundamental analysis behind our credit ratings."

"S&P's annual CreditStats reports have been a key feature of our credit research services, and are consistently the most heavily used reports among the 60,000 we publish each year. CreditStats Direct offers this material throughout the year, refreshed more frequently," said Luis Cerda, Senior Director of Product Development for Standard & Poor's. "We've now combined this with additional features for clients to compare data for up to 100 issuers at a time and export this information into Excel."

CreditStats Direct includes credit-adjusted financials and ratios for North American and European rated Corporate and Utility entities. In adddition, it provides six primary categories of financial information: Key Stats & Ratios, Income Statement, Balance Sheet, Cash Flow Statement, Capital Structure and Supplemental Financials. Its main features include:
  • A tool for comparing the financial statistics and ratios for up to 100 entities
  • Microsoft Excel export capability
  • Full integration with existing RatingsDirect functionality
  • Up to three years of historical data as available

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