Fitch Solutions London managing director Thomas Aubrey said that the credit and counterparty risk exposure to financial institutions has become more pertinent than ever for market practitioners in recent months, especially in light of the sovereign debt crisis.
"Other data providers do supply various bank credit risk indicators, though they do not encapsulate both bank information and CDS pricing data to the magnitude that Fitch Solutions does," Aubrey said.
Subscribers can use the latest risk indicator to assess the financial health of the firms as well as their levels of credit and counterparty risk exposure, said the Fitch.
The risk indicator dictates the credibility of financial institutions using Fitch’s coverage of bank financial data and credit ratings along with additional credit risk indicators.
All the relevant data is delivered through an integrated data delivery platform, thus helping in easy integration into internal systems.
Under the risk management solution the credit rating agency provides following data sets which includes Fitch Ratings’ proprietary ratings, watches and outlooks on 3,500 banks and historical rating actions on 9,500 banks, annual and interim financial data covering over 10,000 US banks and 17,500 global banks in over 200 countries.
Other data suits of the solution include one-year forward assessments of the stand-alone financial strength on over 13,000 banks, including 3 years of history, and daily implied CDS spreads for over 5,800 banks that are calculated using only statistical factors.
They also include consensus CDS prices from the top market makers delivered daily on nearly 250 banks, a measure for identifying liquidity risk in the CDS market for the consensus CDS universe, and a set of granular, independent, and data-driven corporate and sovereign indices.
