Moody's KMV Launches Internal Credit Rating Solution for China; Continued Global Demand for RiskAnalyst Fuels Local Language Version.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 Moody's Corporation (NYSE: MCO) is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized ratings scale. 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 announced a Simplified Chinese version of RiskAnalyst(TM). The Simplified Chinese version of RiskAnalyst enables banks, non-bank financial institutions and corporations to make lending decisions using internal ratings and analysis of financial statement data based on local accounting standards. RiskAnalyst improves the speed, accuracy and consistency of internal rating systems by allowing institutions to capture, analyze and store financial and non-financial borrower and facility information. It combines the proven analysis, reporting and credit risk assessment features of the Moody's KMV platform with browser-based delivery that lowers the cost of management and deployment. RiskAnalyst helps organizations meet their credit risk assessment goals based on Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. and internal policies. Templates for standardizing analysis of financial results across differing local accounting practices, 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 ) compliance and internal rating assessment for middle market lending are included in RiskAnalyst. "We are building out our capabilities based on increased demand for our solutions in some of the world's highest growth markets," said Andrew Huddart, President of Moody's KMV. "Chinese banks and corporations are setting strict internal credit rating practices to move toward common standards applied in increasingly global markets. RiskAnalyst offers the first Simplified Chinese language tool backed by the leading edge analytics of Moody's KMV and ensures firms in China can accurately and consistently make good credit decisions." RiskAnalyst was introduced in 2003 and Moody's KMV has continued to enhance the product to meet clients' needs worldwide. It draws upon 20 years of application development and product delivery experience. The result is a robust, flexible solution that addresses today's key credit risk challenges. A French version of RiskAnalyst was launched in November 2005. 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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