Asset Control expands Fitch data coverage

Source: Asset Control

Asset Control, a world-wide leader in financial data management solutions, today announced that it has expanded its Fitch Solutions data coverage as part of its AC Plus data management software solution.

The Fitch Solutions RDS (Ratings Delivery Service) data feed is provided as an off-the-shelf AC Plus interface to help financial institutions obtain improved insight into credit risk and performance of financial instruments and issuers.

Fitch Ratings provides credit ratings and related information on corporate, structured finance and public finance issues and issuers worldwide. The RDS data feed facilitates credit analysis, monitoring and compliance needs and streamlines internal efforts to maintain credit rating information. Fitch Ratings information is provided to Asset Control's AC Plus on a daily, monthly and intra-day basis providing customers with updates every 15 minutes throughout the day. AC Plus can store and integrate the data with other data sets for comparison. In addition, AC Plus provides off-the-shelf capabilities to link the ratings and research of Fitch Ratings to other instrument and issuer detail to provide a full picture of issuer and issue credit exposure for all data maintained in the enterprise data management system.

Phil Lynch, president and chief executive officer at Asset Control, said, "As risk and performance becomes increasingly critical in today's financial climate, this latest set of Fitch Solutions interfaces for AC Plus further expands the capability to process credit and issuer information. It provides customers with a unique offering for gaining fast access to a complete range of credit ratings information."

Jonathan di Giambattista, senior director at Fitch Solutions, said, "Fitch Solutions offers a timely, accurate, and convenient way to electronically receive ratings that can integrate with internal databases and software applications such as AC Plus, which provides a comprehensive approach to managing and integrating the data for a variety of valuable uses for financial institutions."

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