CreditProÂ® enables credit professionals to monitor and analyse S&P credit ratings, as well as statistics on default and recovery. This helps institutions to assess probabilities of default and loss given default. Analysts can also explore credit rating migration and recovery trends, generate custom scenario analyses, and benchmark internal performance to industry-wide results.
âUBRD and our other clients use S&Pâs historical default data to assist in benchmarking internal performance against industry wide results, and assigning default probabilities to internal grading systems. This satisfies Basel II requirements requiring banks and other credit sensitive institutions to map their internal grades to a scale used by an external credit assessment institution,â says Katarina Antens-Miller, Senior Director at S&P Capital IQ Risk Solutions.
Roslyakova Marina, Head of Risk Management at UBRD, says, âWith years of experience, S&P Capital IQ Risk Solutions has developed models and solutions that enable organizations to build better quality approaches to managing economic capital and balancing resources, which offers many competitive advantages. CreditPro provides a precise definition of the threshold margin and cumulative default rate in ratings by industry. Ultimately, the platform will allow us to improve quality control in our portfolios and create a better internal rating system.â