S&P expands its Probability of Default coverage

London - 18 November 2010

Daily “Probability of Default” calculations are now available on nearly 7,000 public companies in Europe, the Middle East and Africa

Standard & Poor’s Valuation & Risk Strategies has increased the number of public companies included in its daily Probability of Default (PD) calculations, to 6,978 in EMEA and 31,036 companies worldwide.

Calculated as a forward-looking assessment over a one-year period, the Probability of Default measure provides an instant view of credit risk across a large and growing universe of counterparties.

“Our broad coverage gives users an excellent benchmark for counterparty credit risk analysis and saves on the significant resources required to source relevant information and to build alternative models,” says Fabrice Jaudi, Director of Market, Credit & Risk Strategies in S&P’s Valuation & Risk Strategies.

Available to investment and risk managers subscribing to the Global Credit Portal or clients of S&P’s custom Global Data Solutions, S&P’s PD calculations provide an estimate of the probability that over the course of a year an issuer obligor will default on its contractual payment obligations on a bond.

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