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For Immediate Release
[Click Here for French Translation]
Moody's KMV Launches Internal Credit Rating Product for French-Speaking Market
Global Demand for Solutions Drives Creation of Local Language Version
SAN FRANCISCO, December 06, 2005 - Moody's KMV, the world's leading provider of quantitative credit risk measurement and management solutions to lenders, investors and corporations, today introduced a French translated version of its RiskAnalyst™ tool. RiskAnalyst provides users with a framework to assess credit worthiness of public and private institutions.
RiskAnalyst improves the speed, accuracy and consistency of internal rating systems by allowing institutions to capture, analyze and store financial and non-financial borrower and facility information. Regulatory and market forces are imposing a greater demand for increased accuracy and consistency in the credit decision-making process.
As a result of growing importance of Moody's KMV solutions, including RiskAnalyst, clients are requiring local versions of products so that they can work more effectively in their preferred languages. RiskAnalyst has been developed so that local language versions are upgraded without delay.
"As we pursue our global strategy, we recognize the need to have localized offerings," said Andrew Huddart, President of Moody's KMV. "Accordingly, we have developed a methodology for product translation that ensures consistent functionality regardless of language, making certain that users are equipped to meet internal credit risk assessment goals, including Basel II regulatory requirements."
Moody's KMV is in the process of translating products to other languages and plans to launch a Chinese version of RiskAnalyst in the coming months.
RiskAnalyst draws upon 20 years of application development and product delivery experience. It combines the proven analysis, reporting and credit risk assessment features of the Moody's KMV platform with browser-based delivery that lowers the cost of management and deployment. The result is a robust, flexible solution that addresses today's key credit risk challenges.
Moody's KMV also offers several other products and services that help banks develop solutions that meet regulatory requirements and contribute to improved business performance:
- BaselCalc™ gives banks an optimized calculation of required regulatory capital across any reporting jurisdiction.
- Moody's KMV RiskCalc®, CreditEdge® and Credit Monitor® produce Expected Default Frequency™ (EDF™) credit measures for individual borrowers.
- Moody's KMV LossCalc™ produces estimates of loss in the event of default.
- Moody's KMV Professional Services provides implementation, modeling, portfolio advisory and benchmarking services for the banking industry.
Moody's KMV, a wholly owned subsidiary of Moody's Corporation, is the world's leading provider of quantitative credit risk solutions to lenders, investors and corporations. Moody's KMV's tools and services provide current default probabilities, recovery estimates, valuations and correlations, and are widely used to assess portfolio risk/return. Moody's KMV serves over 2,000 clients in 80 countries, including most of the world's 100 largest financial institutions. The company maintains the largest database of corporate defaults in the world. In addition to its San Francisco headquarters, Moody's KMV has offices around the globe to serve its international customer base. Further information is available at www.moodys.com.
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