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Fitch Risk and BvD to develop credit risk analysis and management tool

24 February 2004  |  1023 views  |  0

Fitch Risk, a leading global provider of risk management solutions and Bureau van Dijk Electronic Publishing (BvD), Europe's leading electronic publisher of business information, have today announced their newly formed alliance to develop and market an integrated tool to analyse and manage credit risk.

The collaboration will produce a solution that will leverage the value and flexibility of the financial data on BvD's products and its FACT software, with the power of Fitch Risk CreditVantage's CRS credit models to automate the financial analysis, credit approval and portfolio management process for corporate clients and financial institutions.

"We are thrilled to be collaborating with BvD and are confident that our combined efforts and best of breed approach will produce an end-product that will be valued by the credit risk community," commented David Kelson, managing director, CreditVantage. "This venture offers a robust solution to meet the market's growing appetite for sophisticated automated credit risk tools."

"BvD is delighted by this partnership," said Claude-Vincent Gillard, head of BvD's customised solutions, adding, "The integration of Fitch Risk's models into FACT provides expertise for customers that don't have their own analytical resources, and gives those that do, the option to verify their models against the experts."

A series of road shows has been scheduled to demonstrate the new solution. Experts from both Fitch Risk and BvD will be available for discussion and advice.

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