 |
 |
|
News & Events |
|
|
|
 |
|
Press Releases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media Relations |
|
|
|
We are always interested in speaking to members of the media on news and events affecting the world of corporate credit risk. We look forward to hearing from you.
Contact Media Relations Representative |
|
|
|
|
|
|
|
|
For Immediate Release
Moody's KMV Launches CRDViewer™ Giving Lenders an Unprecedented View of Middle Market Borrowers
Benchmark Credit Risk Information Valuable to Banks and Corporations
SAN FRANCISCO, June 10, 2003 - Moody's KMV, the world's leading provider of quantitative credit risk products for lenders and investors, today introduced CRDViewer™, the newest product based on its proprietary credit research database. The Web-based tool lets users benchmark the credit quality of their current and prospective middle-market borrowers against a broad universe of middle market firms. In addition, the CRDViewer gives commercial lenders the ability, for the first time, to demonstrate to shareholders and regulators the risk and return of their middle-market portfolio relative to their peers.
CRDViewer™ allows credit professionals to measure and compare the portfolio risk factors and trends against the broader commercial loan marketplace - based on portfolio data contributed by commercial banks. Moody's KMV said the product will also be of interest to corporations who need tools to help them evaluate credit risk of customers and prospects.
Combining historical financial statement, probability of default and loan performance data in a state of the art reporting tool, CRDViewer provides previously unavailable benchmarks of middle-market obligors. Using a full array of descriptive statistics, such as quartiles, mean and standard deviation, CRDViewer can identify where a lender is adversely selecting borrowers from a given geography, industry or other dimension. Users can also create graphs showing financial trends and produce reports for use in communicating regulatory position, or to summarize their institution's lending and credit risk situation. Banks and corporations that contribute data to the Credit Research Database are further able to compare their own portfolio information against these unique benchmarks.
Building credit risk benchmarks for private firms requires an immense amount of data. CRDViewer provides clients with insight from the Moody's KMV Credit Research DatabaseÔ (CRD). Moody's KMV's CRD is the largest and most comprehensive middle-market default database in the world. The CRD has information from four million financial statements on one million firms and 70,000 defaults for private companies. CRDViewer accesses the details of data from 300,000 financial statements on 80 thousand firms and 6,000 defaults for private companies in North America and Australia. This depth of data yields unique insight into a broad market of private firms.
According to Dr. Roger Stein, Managing Director at Moody's KMV, "Moody's KMV's CRD database is a unique compilation of valuable, proprietary data that is known industry-wide for its breadth and depth. Many typical middle-market data sets are either limited in quantity or of low quality which reduces their usefulness for analysis. Because our researchers at Moody's KMV also use the CRD data to develop and test many of our widely-used credit risk models, we have developed a broad infrastructure for data validation, research and verification. This is a key factor in the creation of what we believe to be the largest, most accurate middle-market data set in the world. Thus, users of Moody's KMV's CRDViewer access the highest quality, most comprehensive middle-market default data available." Dr. Stein added that CRDViewer is easy to use, and allows credit risk managers to meet their reporting needs in a timely and cost-effective manner.
About Moody’s KMV
Moody’s KMV, a wholly owned subsidiary of Moody's Corporation, is the world’s leading provider of quantitative credit risk analysis tools to lenders, investors, and corporations. Moody’s KMV's tools provide current default probabilities, recovery estimates, valuations and correlations, and are widely used to assess portfolio risk/return. Serving over 2,000 clients in 80 countries, including most of the world's 100 largest financial institutions, Moody’s KMV maintains the largest and cleanest database of corporate defaults in the world. In addition to its San Francisco headquarters, Moody’s KMV has offices around the world to serve its global customer base.
About Moody's Corporation
Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, and Moody's KMV, the leading provider of market-based quantitative services for banks and investors in credit-sensitive assets serving the world's largest financial institutions. The corporation, which reported revenue of $1.2 billion in 2003, employs approximately 2,300 people worldwide and maintains offices in 18 countries. Further information is available at www.moodys.com.
Back to Archive Press Releases |
|
|
|
