S&P Capital IQ, a provider of multi-asset class research, data and analytics, has launched the CreditModel engines – a proprietary credit scoring and sensitivity analysis capability – via web services.
This new offering draws on the power of the existing S&P Capital IQ CreditModel, a suite of global industry- and region-specific statistical models designed to quantitatively calculate any public or private company’s credit strength on the basis of financial statement information.
Web services enable users to provide the fundamentals or financial ratios needed to score a company and quickly get back a credit score to monitor, measure and manage risk more effectively. In addition, users can perform “what if” analysis to see how changes in financial information may stimulate upgrades, downgrades and resilience.
Web services provides clients the flexibility to implement a highly-tailored solution integrated with internal systems, the efficiency to access specific data needed and a maximum speed of delivery via on-demand scoring.
“CreditModel scores have long been used to measure and benchmark credit risk and support risk-based pricing, limit setting and other credit sensitive strategic decisions,” says Silvina Aldeco-Martinez, managing director, S&P Capital IQ. “The models are regularly reviewed and the resulting credit scores demonstrate a very high correlation with Standard & Poor’s credit ratings. This highly-flexible web services solution now lets users leverage this state-of-the art methodology to track credits, create scores and perform sensitivity analysis on demand to quickly and confidently evaluate credit strength.”
The solution can also be easily used with S&P Capital IQ data feeds of financial information for public and private companies worldwide, providing a full in-house capability for the effective creation of benchmarks and internal ratings. Data feeds are offered through Xpressfeed, a comprehensive data warehouse supporting reliable and efficient data delivery and management.
“The web services component provides efficient access to this powerful credit scoring capability, and lets users zero-in on the specific information they need,” says Andrea Caruso, global product manager, S&P Capital IQ. “It enables them to access data and analytics without having a front-end application, and integrate the information in internal or open-sourced applications for credit risk analysis so it can be used exactly when, and how, they want. This capability is further strengthened with our feeds of fundamental data, providing a complete set of information to stay on top of credit risk.”
