London – Reuters, the global information company, will bring its customers improved credit risk analysis information through an agreement signed with www.FirstKnow.It, a credit analytics provider. This deal supports Reuters ambitions to better serve the fixed income market.

Under the agreement, Reuters will distribute www.FirstKnow.It’s default probability and market implied ratings data on over 4,500 companies to users of Reuters 3000 Xtra. Default probability data enables the user to assess the default position of a company based on the input of stock prices in order to quantitatively assess credit risk. Quantitative credit models based on market data are increasingly driving the credit markets due to their more accurate and timely reflection of credit fundamentals, therefore offering an advantage in the market.

Reuters has selected www.FirstKnow.It as a specialist default probability data provider due to its methodology in calculating a range of credit analysis and accuracy of data, proven through extensive back testing.

Reuters 3000 Xtra customers can access the www.FirstKnow.It reference page from their desktops and obtain free access to 50 companies including full historical data. Access to the full range of default probability data is available on a subscription basis. Until the end of April 2005, Reuters is offering a free trial to Reuters 3000 Xtra customers of all default probability data and corresponding five months historical data for all companies, plus implied ratings with one- and five-year maturities from www.FirstKnow.It.

Dr. Andrew Bagley, technical and systems architect at www.FirstKnow.It, said: "The relationship with Reuters provides a global reach, strong focussed sales and marketing capability and the strength of having the world’s leading financial information provider supporting the www.FirstKnow.It system. I am very pleased with the developing relationship with Reuters."

Tim Mercer, director, Treasury and Fixed Income at Reuters, said: "Reuters is committed to serving the needs of fixed income and credit market professionals. We’re pleased to bring our customers this leading data from www.FirstKnow.It, which helps us to meet customer requirements for tools to support market driven credit analysis."

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