Basel-II News

Internal Credit Rating Solution for Spanish Speaking Markets Launched

(Jan 31, 2007)--Moody's KMV, provider of quantitative credit risk measurement and management solutions launched a Spanish version of RiskAnalyst 4.2. RiskAnalyst enables banks, non-bank financial institutions and corporations to make lending decisions using internal ratings and analysis of financial statement data.

RiskAnalyst improves the speed, accuracy and consistency of internal rating systems by allowing institutions to capture, analyze and store financial and non-financial borrower and facility information. It combines the proven analysis, reporting and credit risk assessment features of the Moody's KMV platform with browser-based delivery that lowers the cost of management and deployment.

Regulatory and market forces are imposing a greater demand for increased accuracy and consistency in the credit decision-making process. RiskAnalyst includes components for standardizing analysis of financial results across differing local accounting practices, International Financial Reporting Standards (IFRS) compliance and internal rating assessment for small and medium enterprises and middle market lending.

"We are building our capabilities based on increased demand for our localized solutions. The creation of the Spanish version of RiskAnalyst with local language support for Latin America and Spain exemplifies our commitment to that strategy,” said Mary Jan Hedman, Managing Director, Product Management at Moody's KMV. "Financial institutions are setting strict internal credit rating processes in accordance with best banking practices, including compliance with Basel II regulatory requirements. RiskAnalyst will provide financial institutions in Spanish speaking markets with the necessary framework to determine default estimates, obligor, facility and obligation ratings and severity estimates. This platform has the flexibility to meet the needs of emerging markets as well as more developed markets, as organizations seek to reach full Basel II compliance using a seamless and integrated solution.”

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