Avox adds Fitch credit opinions to counterparty data
08 May 2007 | 1606 views | 0
Avox, the leading counterparty data verification network, and Fitch Ratings, a leading global rating agency, have signed a co-operation agreement over the linkage to Fitch company identifiers and credit opinions in Avox’s corporate data offering.
Avox supplements its clients' data records with information from Fitch Ratings as part of its industry leading counterparty data validation, cleansing and maintenance service.
"We are pleased to be able to further expand our data portfolio by including data from Fitch Ratings, which provides the world's credit markets with timely, forward-looking and independent credit opinions. The direct mapping of the information creates an efficient process that is designed to maximize data reliability and meet our clients' individual requirements", said Ken Price, CEO of Avox.
"Avox's collaborative business model, which helps drive standards in the business, made a partnership for Fitch very attractive. Our subscribers appreciate the significant improvements in the maintenance of data linkages and will benefit further from the ongoing Avox updates", said Jeroen Harkema, Senior Director - Product Sales & Business Development at Fitch Ratings.
Each rated entity in the Avox database, including its universal business entity identifier, can be mapped to the correct company data record and rating within Fitch's database. The link for the mapping as well as other corporate data will be validated and maintained by Avox. Credit rating information is essential for investors to asses the credit quality of various alternative investment options. A number of Avox clients are already using the Fitch rating services and will benefit from the integration in the Avox data pool. Fitch customers can benefit from Avox services by easily matching the rating information with other company data maintained in the Avox CORE database.