Thomson Reuters has bolstered its credit risk offerings by adding StarMine Credit Default models to its DataScope suite, bringing together “on one platform reference data, core ratings agency data, pricing and analytics,” according to a company statement.
The new StarMine Credit Default models are exclusive to Thomson Reuters and will provide data services that enable “automated and continuous monitoring and review processes to improve a firm’s ability to predict credit events as early as possible,” the statement says.
Reuters says it expects the demand for products like StarMine to increase as pressure from the Basel accords and laws like Dodd-Frank continue to cause firms to increase their risk management capabilities.
“Whether we look at the sell side or the buy side, one thing is clear: the need for firms to manage their credit risk has become a top agenda action item. This increased focus has led firms to improve their credit risk capabilities, requiring accurate, timely and independent data,” says Kate Toumazi, global head of risk data services at Thomson Reuters, in a statement. “With our credit risk tools, we offer firms the ability to identify, measure, monitor and manage credit risk.”
The credit default models are intended to provide clients with “the ability to evaluate the probability that a company will go bankrupt or default on its debt obligations by looking at a variety of data sources — from equity markets, financial analysis and intelligent language analysis of textual documents,” she adds.
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