NEWS | For Immediate Release
SAN FRANCISCO, July 17, 2018 – Moody’s Analytics has been voted Best Credit Risk Solution Provider in the 2018 Waters Rankings for the RiskCalc™ solution. This industry-leading credit scoring platform allows clients to determine the credit risk of private companies.
This is the third year in a row that Moody’s Analytics has earned this recognition, as decided by the readers of Waters, a financial IT publication.
The RiskCalc solution offers default and recovery models for private companies of all sizes, including small and medium enterprises. Powered by the Moody’s Analytics Data Alliance, these models produce forward-looking probability of default or EDF™ (Expected Default Frequency) calculations, loss given default, and expected loss credit measures. These measures – and their role in assessing default and recovery risk – are especially relevant for IFRS 9 and CECL applications.
“We’re honored that Waters readers continue to recognize that the partnerships we have with our clients result in market-leading solutions,” said Mehna Raissi, Senior Director-Product Management at Moody’s Analytics. “Our ongoing mission is to help our clients achieve their business goals and optimize their credit and financial risk practices throughout the credit lifecycle. We recently redesigned the RiskCalc platform to give clients more flexibility using the tool. This recognition validates our efforts and confirms that the enhanced RiskCalc solution is helping our clients meet their standard and unique default and recovery needs more efficiently.”
Moody’s Analytics also recently introduced the RiskCalc Small Business solution, which helps clients to evaluate the creditworthiness of small businesses. The platform delivers a complete picture of small business credit risk, bringing more clarity to the credit decision-making process and increasing lender confidence.
“With recent changes in accounting standards, organizations are placing an even greater focus on having accurate and understandable credit assessment practices,” added Ms. Raissi. “The RiskCalc solution is an essential part of these practices in financial institutions and companies across the globe.”
This recognition in the 2018 Waters Rankings adds to the growing list of Moody’s Analytics awards. Last month, we earned the top position in Technology Solutions for Credit Risk 2.0 2018, a Chartis Research report comparing 19 vendors of credit risk (banking book) solutions.
Click here to learn more about Moody’s Analytics credit risk solutions.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools supporting our clients’ growth, efficiency, and risk management objectives. The combination of our unparalleled expertise in risk, expansive information resources, and innovative application of technology, helps today’s business leaders confidently navigate an evolving marketplace. We are recognized for our industry-leading solutions, comprising research, data, software, and professional services, assembled to deliver a seamless customer experience. Thousands of organizations worldwide have made us their trusted partner because of our uncompromising commitment to quality, client service, and integrity.
Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). MCO reported revenue of $4.2 billion in 2017, employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information about Moody’s Analytics is available at www.moodysanalytics.com.