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Product Watch: Moody's KMV in San Francisco has added a feature called LossCalc to its Portfolio Manager product.
Source: Investment News
Date: April 7, 2003
Author: N/A
LossCalc is used to predict recovery rates for debt instruments that have defaulted.
The product's predictive power is based on estimations of loss given default - the amount a creditor will lose if a borrower defaults - that are validated against Moody's KMV's database of default and recovery information.
LossCalc is aimed at commercial banks, insurance companies, corporations and asset managers with corporate-credit exposure.
Moody's KMV is a unit of Moody's Corp. of New York.
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