NEWS | For Immediate Release
NEW YORK, April 23, 2020 – Moody’s Analytics announced today that its RiskCalc and CMM solutions have completed System and Organization Controls (SOC 1) Type 1 examinations under the attestation standards established by the American Institute of Certified Public Accountants.
These examinations encompassed policies, operating procedures, and controls related to financial reporting of user entities by an independent auditor to objectively validate that Moody’s Analytics meets its declared control objectives.
“We are committed to providing our clients with products that deliver exceptional operational compliance,” said Nihil Patel, Senior Director at Moody’s Analytics. “This SOC 1 Type 1 attestation demonstrates that our RiskCalc and CMM solutions have met this objective.”
The RiskCalc solution offers a comprehensive approach to assessing the default and recovery of private firms. Our RiskCalc models generate forward-looking probability of default or Expected Default Frequency™ (EDF) calculations, loss given default, and expected loss credit measures.
The CMM solution is the leading analytical tool for combining property performance forecasts with commercial mortgage fundamentals to assess default and recovery for commercial real estate (CRE) mortgages. It enables investment professionals to perform robust analyses for equity and debt decisions in CRE.
These award-winning solutions deliver best-in-class analytics that help our customers make better decisions.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter and LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody's Corporation reported revenue of $4.8 billion in 2019, employs approximately 11,100 people worldwide and maintains a presence in 40 countries.