The model increases accuracy in predicting which firms most/least likely to come under financial distress

Thomson Reuters, announced that it has introduced the first commercial credit risk model to measure corporate financial health by quantitatively analyzing text. The StarMine Text Mining Credit Risk Model (TMCR) assesses the credit risk of publicly traded companies by analyzing the text in various documents. StarMine TMCR systematically assesses the language in Reuters news, StreetEvents conference call transcripts, corporate filings and select broker research reports to predict which firms are likely to come under financial distress and which are likely to thrive.

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