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Press release
Jul 15, 2015 09:50 JST
Source:
Thomson Reuters
Thomson Reuters Enhances Credit Risk Capabilities, Adds StarMine Analytics to DataScope Suite
New Capability Combines Reference Data, Pricing and Analytics to Better Manage Credit Risk Exposure
NEW YORK, Jul 15, 2015 - (ACN Newswire) - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that it has enhanced its credit risk capabilities, by adding StarMine Credit Default models to its DataScope suite, bringing together on one platform reference data, core ratings agency data, pricing and analytics. The Thomson Reuters proprietary StarMine Credit Default models 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.
Regulations such as the Basel accords and Dodd-Frank outline how firms should assess their credit risk exposure, underscoring the need for greater focus on risk management to meet compliance requirements. "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," said Kate Toumazi, global head of Risk Data Services at Thomson Reuters. "With our credit risk tools, we offer firms the ability to identify, measure, monitor and manage credit risk. Our innovative credit default models 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 - offering greater insight to clients on the potential credit risk exposures in their portfolios," Toumazi added.
Thomson Reuters credit risk capabilities provide access to 388 different credit agency ratings alongside the proprietary credit models from StarMine, for a more holistic credit risk picture. Thomson Reuters credit risk capabilities also include entity hierarchy information, including countries of risk data to provide a granular assessment of exposure to risk, fundamentals content allowing clients to calculate key ratios, as well as news sentiment scoring to facilitate automation of alerts to news that may have a credit impact. In addition, users can access key reference data, legal entity indicators (LEIs), cross-referenced entity codes, as well as evaluated pricing of 2.5 million securities with full transparency into methodologies and comprehensive CDS pricing.
For more information, please visit www.prdcommunity.com
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to
http://thomsonreuters.com/
CONTACTS
Lemuel Brewster
Senior Public Relations Director, Financial & Risk
Office +1-646-223-5147
Mobile +1-917-805-1089
lemuel.brewster@thomsonreuters.com
Mark D. Harrop
Public Relations Manager, Financial & Risk
Office +1-646-223-7803
Mobile +1-347-803-5575
mark.harrop@thomsonreuters.com
###
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire
Source: Thomson Reuters
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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