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Moody’s Database Reveals Insights into Corporate Debt Structure

Analysis of data from a database of debt instruments from Moody’s Investors Service may yield helpful insights ahead of the next economic downturn. The data reveals how default types change over time, how recoveries differ depending on the instrument’s position in a company’s debt structure and whether private-equity ownership influences recovery rates. Moody’s Ultimate Recovery Database traces close to 5,500 ... Read More »

SIMAH Launches Rating Agency TASSNIEF

The Governor of the Saudi Arabian Monetary Authority (SAMA) Inaugurates SIMAH’s Rating Agency (Tassnief) The governor of The Saudi Arabian Monetary Authority (SAMA), Dr. Ahmed Bin Abdel-Karim Al-Kholaify, officiated the inauguration on Wednesday March 1st, of the Saudi Credit Bureau’s (SIMAH) new Credit Rating Agency, Tassnief. The ceremony, in the presence of a number of Their Excellencies, held at the ... Read More »

Acquisitions and Analytics Solutions Buoyed 2016 Business Information Industry Results

It is the annual report season and BIIA has captured below the segment results of some of the most prominent information providers who had released their earnings up to February 25, 2017.  BIIA publishes company results on a regular basis, complete with charts, however the reports are password protected.  We are offering this review as an encouragement for our readers ... Read More »

Moody’s Acquires Structured Finance Data and Analytics Business of SCDM

Moody’s Corporation (MCO) announced that it has acquired the structured finance data and analytics business of SCDM, a leading provider of analytical tools for participants in securitization markets. SCDM, based in Frankfurt, serves a primarily European client base. The acquisition further extends the geographic footprint of Moody’s Analytics’ structured finance business and expands the capabilities of its growing data, analytics and ... Read More »

ICRA Launches New Credit Rating System for Infrastructure Sector

ICRA has announced a new credit rating system for the Indian infrastructure sector. The new rating framework will be a comment on the expected loss (EL) of a project entity, which would factor in the probability of default (PD) and the recovery prospects. Infrastructure projects in India have seen limited participation from long-term investors and bond markets on account of ... Read More »

Moody’s Reaches Settlement with U.S. Department of Justice, 21 U.S. States and District of Columbia

It took 8 years for the US Justice Department and 21 States and the District of Columbia to settle the case.  Agreement removes significant legacy legal risk and contains no finding of any violation of law.  It also resolves pending and potential civil claims related to certain credit ratings Moody’s (NYSE:MCO) agrees to pay $864M to the U.S. Department of Justice and ... Read More »

NICE Group Announces new Legal Entity in Vietnam

NICE Group, a major credit rating and information service provider in South Korea, on November 25, announced the creation of a new legal entity in Vietnam.  It is NICE’s first legal entity in Vietnam – NICE INFO Vietnam Co. Ltd. NICE believes that its business activities will be constantly growing in Vietnam and contributing to the strong growth of the ... Read More »

Credit Rating in India: Security and Exchange Board Issues new Guidelines

The Securities and Exchange Board of India (SEBI) late on Tuesday issued guidelines to enhance the standards of the credit rating industry, including mandating more disclosures by credit rating agencies (CRAs), ensuring greater discipline in the rating processes, making rating outlooks compulsory, recommending performance evaluation of rating committees, underlining the process to be adopted in the event of non-cooperation by ... Read More »

Creditinfo Georgia (BIA) Launches BRating

The list of innovative and unique projects of Business Catalogue (www.bcat.ge), PR Exchange (www.prx.ge) and Creditinfo Georgia (www.criditinfo.ge) has been expanded by a brand new project BRating (www.brating.ge). Through BRating customers are able to search the ratings of the companies across different sectors using an array of parameters drawn from our Business Catalogue (www.bcat.ge). Apart from the ratings, the project ... Read More »

China Creates Monitoring Center for Oversight of Cross Border E-commerce

A national quality monitoring center for cross-border e-commerce was launched on October 27, 2016 in Hangzhou, China’s e-commerce capital. The online system, approved by the General Administration of Quality Supervision, Inspection and Quarantine in June 2015, went into operation after more than a year’s preparation. The platform will form a big data center to monitor cross-border e-commerce and will have ... Read More »

There is Money to be Made in Risk Prevention Solutions:  Equifax, TransUnion and Moody’s Report Double Digit Revenue Growth in Q3 2016

This week Equifax, TransUnion and Moody’s were the first credit information companies who reported their Q3 results.  Here is a summary of their revenue growth by product lines:  Equifax reported revenue of $804.1 million in the third quarter of 2016, a 20 percent increase from the third quarter of 2015 on a reported basis and up 23 percent on a ... Read More »

Rating Regulations in Korea

The Financial Services Commission (FSC) has come up with a set of measures to improve the credit rating market after criticism for belated actions on defaulting companies by local credit rating agencies. The FSC will allow financial institutions to adopt stand-alone credit rating systems starting next year, and all businesses from 2018. Such independent rating systems will help firms evaluate ... Read More »