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For Immediate Release
[Dansk version]
[Uomenkielinen versio]
[Norsk versjon]
[Svensk version]
Moody's KMV to Provide Pan-Nordic Version of RiskCalc
RiskCalc Nordic 3.1 Enables Greater Precision and Accuracy in Evaluating the Credit Risk of Private Companies
SAN FRANCISCO - June 14, 2006 - Moody's KMV, the world's leading provider of quantitative credit risk solutions, today announced a new version of RiskCalc™ for the Pan-Nordic region. RiskCalc Nordic version 3.l will enable firms to more accurately and efficiently measure changes in the credit risk of private companies in Denmark, Finland, Norway and Sweden.
Moody's KMV RiskCalc v3.1 allows users to more accurately model risk by country and industry sector; determine credit terms and pricing; identify early warning signals; quantify in a common framework the true risks for internal and external discussion; and focus limited analyst resources on areas where needed. The measures can also be incorporated into valuation and portfolio models, improving the precision of credit risk management. Financial institutions use RiskCalc to assess borrower risk in their commercial loan portfolios. Corporations use RiskCalc to rate and assess counterparty risk and extend financing.
"The release of RiskCalc Nordic reflects in-depth knowledge of local default drivers, giving firms best practice solutions to assess credit worthiness of borrowers and counterparties. It also facilitates compliance with the most rigorous global regulatory requirements," said Gavin Style, Managing Director, Europe, Middle East, Africa and Asia Pacific, Moody's KMV. "We have used our extensive Credit Research Database, as well as many years of experience in building private firm default models, to provide our most powerful Nordic model yet. With Moody's KMV solutions, companies can more easily and proactively manage their credit exposures."
RiskCalc Nordic is now built on more than 1.5 million financial statements and over 250,000 private Pan-Nordic firms. The new version has already been successfully received by leading Nordic clients.
"Moody's KMV RiskCalc enables Landsbanki to confidently benchmark new clients against the most comprehensive database of defaults in Europe," added Lilja Einarsdóttir, Senior Manager, Landsbanki.
Erikka Nasakkala, Credit Portfolio Analyst, Nordic Investment Bank explained, "The new RiskCalc Nordic 3.1 model is a perfect fit for our corporate rating process, covering all major business sectors in the entire Nordic region."
Moody's KMV RiskCalc is comprised of a global network of more than 20 country-specific models, representing 80 percent of the world's GDP. In addition to over 250 clients worldwide, RiskCalc has been used as the basis for more than 150 collateralized loan obligations. RiskCalc Nordic 3.1 leverages the world's largest private company database, Moody's KMV Credit Research Database™ (CRD). The CRD has information from 11 million financial statements on 2.2 million firms and 170,000 defaults for private companies and was built in partnership with over 40 financial institutions globally.
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