Refinitiv, formerly the Financial and Risk business of Thomson Reuters (NYSE:TRI), has announced that it is expanding its partnership with the National University of Singapore to launch a new service which see’s the NUS Risk Management Institute – Credit Research Initiative (CRI) provide specialist credit risk and default data through Refinitiv’s flagship data and information platforms, Eikon and DataScope.
The CRI was founded in the aftermath of the global financial crisis, with the aim to reform the credit rating industry by providing high-quality, independent, transparent and granular credit ratings for every single exchange listed companies around the world. To date, the CRI has developed a number of data products, including Probabilities of Default (PD), Actuarial Spreads (AS) and PD implied Ratings (PDiR).
By utilizing deep credit analytics, continuously refining its models, and leveraging on the latest cutting-edge technologies, the CRI aspires to construct credit risk measures that are scientifically sound and accurate. Furthermore, the methodologies behind these measures are completely transparent and freely available on the CRI website.
Through the integration of CRI’s content with Refinitiv’s deep and extensive financial information, Refinitiv customers can now easily evaluate the credit risk of more than 35,000 active public firms across 128 economies on a daily basis. DataScope users can also access the CRI historical credit risk database that covers over 68,000 public companies worldwide. Credit risk managers, economic researchers, credit analysts and fixed-income portfolio managers can investigate and evaluate the credit environment across individual firms as well as at country, region and sector level.
Additionally, the CRI publishes contemporary and relevant insights into the credit market through regular reports such as the Weekly Credit Brief, and the quarterly Credit Brief on Singapore SME’s. These reviews relate the technologies deployed by the CRI to recent credit events and trends. All these publications are available on the Eikon Advanced Research platform.
Alfred Lee, Managing Director, Asia Pacific at Refinitiv said:
Refinitiv is proud to partner with the NUS, a prestigious global academic institution. This partnership showcases true industry collaboration by bringing together the academic and professional world’s, highlighting Refinitiv’s focus on delivering the best data, tools and insights to the global markets. As a leading data information provider, we are excited to provide this new service to our global customers from Singapore.
Professor Jin-Chuan Duan, Founder and Project Lead of the Credit Research Initiative added:
The CRI has come up with a constructive solution to reform the credit rating industry in 2009 and has built a comprehensive infrastructure for research, development and production of corporate default predictions. We now produce several credit risk measures for almost every exchange-listed firms worldwide. We hope to contribute to the proper functioning and stability of the financial market by making high-quality credit information widely available. Thanks to our valuable partnership with Refinitiv, even more financial practitioners will have access to timely, granular and completely transparent smart data.