Moody's KMV Creates First to Market Global Comprehensive Credit Analysis Tool.Unique Solution Combines Financial Statement Analysis with Private Firm Default Probability SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Moody's KMV KMV Keyboard/Mouse/Video KMV Kealhofer, McQuown and Vasicek (founders of a company and measure of default probability) KMV Key Mediating Variable (marketing) , the world's leading provider of quantitative credit-risk measurement and management solutions to lenders, investors and corporations, today introduced a major update to its RiskAnalyst[TM] tool, version 4.1. The release of RiskAnalyst 4.1 includes an enhanced International Financial Template (IFT IFT Institute of Food Technologists IFT Institut für Fenstertechnik (German: Institute for Window Technology) IFT Illinois Federation of Teachers IFT Integrated Flight Test IFT Interfacial Tension IFT Institute for Tropospheric Research ) integrating with 13 different Moody's KMV RiskCalc([R]) private firm Expected Default Frequency (EDF (algorithm) EDF - earliest deadline first. ) models, allowing global lenders to assess their credit portfolio with one common tool that complies with both international and local accounting standards. The complete RiskAnalyst solution facilitates effective financial statement spreading and accurate credit risk decisions. IFT is a general business template that enables institutions to analyze the financial results of companies worldwide whose financial statements are prepared in accordance with either local accounting standards or International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ). The enhanced IFT includes features such as customer and peer comparison, projection analysis, different cash flow analyses and generation of many different financial reports. These features offer greater functionality to RiskAnalyst, so global lenders can implement a complete solution for assessing public and private borrowers. RiskAnalyst 4.1 also demonstrates IFT's applicability to credit analysts around the world as it now also integrates with the following RiskCalc models: Australia, France 3.1, Germany 3.1, Italy 3.1, Japan 3.1, Nordic 3.1 (Denmark, Finland, Norway, Sweden) and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. 3.1, in addition to IFT's existing integration with the United Kingdom 3.1, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 3.1 and Canada 3.1 RiskCalc models. Mary Jan Hedman, Managing Director, Product Management, Moody's KMV, said, "The growth of the global business community and capital markets has led to a greater need for financial managers to uniformly process diverse global financial results. The integration of International Financial Template with different RiskCalc models throughout Europe and Asia Pacific allows RiskAnalyst users - corporations and financial institutions - across different global markets to maximize their credit analysis through one comprehensive best in breed credit decisioning system." Moody's KMV has designed and made available to customers over 20 different financial spreading templates: in addition to IFT, Moody's KMV also offers two other general business templates that are separately based on United States and United Kingdom Generally Accepted Accounting Principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting as well as industry specific templates for analysis of auto dealerships, construction contractors, hospitals, real estate developers, international banks, energy producers and utility companies. IFT incorporates the best features from those templates and is based on the feedback from over 1,500 clients. About Moody's KMV Moody's KMV, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Moody's Corporation, is the world's leading provider of quantitative credit risk solutions to lenders, investors and corporations. Moody's KMV's tools and services provide current default probabilities, recovery estimates, valuations and correlations, and are widely used to assess portfolio risk/return. Moody's KMV serves over 2,000 clients in 80 countries, including most of the world's 100 largest financial institutions. The company maintains the largest database of corporate defaults in the world. In addition to its San Francisco headquarters, Moody's KMV has offices around the globe to serve its international customer base. Further information is available at www.moodyskmv.com. |
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