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Updated Nordic instrument for credit risk
Source: Diji
Date: 14 June 2006
Author: Eirik Rossen
[Click Here for Norwegian Translation]
The world’s largest supplier of instruments for credit risk offers an updated version tailor-made for the Nordic region.
Moody’s KMV is the world’s largest supplier of tools for credit- and investment risk and claims to have half of the Nordic finance institutions on their client list.
Today, the company launched an upgraded tool customized for the Nordic market, RiskCalc version 3.1. According to Gavin Style, head of Europe, the Middle-East, Africa, Asia and the South Pacific, there are several characteristics about the economic situation showing that the credit situation might get unpleasant for many lenders and investors. Therefore, they need an updated tool consisting of new models that provide better understanding in the probable development ahead in time.
RiskCalc 3.1 will give the users a tool to create more accurate models of risk sorted by countries and industry sectors. The model is the basis for better understanding to decide credit terms and price, identify early warning signals, quantify real risk and focus limited analyst resources on areas they are needed.
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