NEWS
New York, March 18, 2008
MOODY'S END-OF-DAY VALUATION PLATFORM EXPANDED TO COVER MORE ILLIQUID SECURITIES
Moody's Analytics today announced further expansion of its intraday and end-of-day valuation capabilities with the addition of cash loan coverage to its parsing product, Moody's CreditQuotes. CreditQuotes is the first in the industry to recognize and process the bids of over 6500 outstanding cash loans in the market.
With the addition of cash loan coverage, Moody's CreditQuotes can now deliver daily valuation information on corporate bonds, loans, convertibles, credit default swaps (including LCDS and recoveries), and select ABS/mortgages.
"The market environment has led to an even greater need for valuation tools and transparency and Moody's is responding with broader coverage and with tools to help market participants evaluate even less liquid securities," said Yiannis Tsiounis, CEO of Moody's Credit Quotes.
Starting in 2007 with the launch of the Moody's CreditValues suite of valuation tools, Moody's has delivered an array of valuation products to the fixed income market including Discounted Cashflow Valuations (model-based valuation for structured finance), Moody's CreditEvaluations (evaluated pricing for corporate and municipal bonds) and Moody's CreditQuotes (observed pricing for most major asset classes).
Moody's CreditQuotes, created in January through the acquisition of BQuotes, provides price discovery tools, end-of-day pricing services and the UIN security master database for a wide range of fixed income securities, supplying the market with sophisticated tools that help assess the prices of complex securities with advanced parsing technology.
Further information on the Moody's CreditValues suite of products can be found at www.moodys.com/creditvalues
Moody's Credit Quotes contact:
US: +1 212 488 4999
UK: +44 (0) 207 096 1128
Asia-Pac: +61 7 3394 8431
