Global financial data giant Refinitiv has expanded its partnership with National University of Singapore to launch a new service which will see the NUS Risk Management Institute – Credit Research Initiative (CRI) provide specialized credit management and default data using Refinitiv’s flagship data and information platforms EIKON and DATASCOPE. The CRI was founded by NUS in the aftermath of the global financial crisis with the aim to reform the credit rating industry by providing high-quality, independent, transparent and granular credit ratings for every single exchange listed companies around the world. CRI has developed many popular data products but is widely known for products such as Probabilities of Default (PD), Actuarial Spreads (AS) and PD implied Ratings (PDiR).
CRI focuses on creating credit risk measures which are scientifically sound and accurate by using deep credit analytics by leveraging cutting edge technology in method which is highly transparent and made freely available on the CRI website. CRI regularly publishes contemporary and relevant insights into the credit market via regular reports such as weekly credit brief and quarterly credit brief of Singapore SME’s. These reviews relate the technologies deployed by CRI to recent credit event and trends and this partnership between CRI &Refinitiv facilitates availability of all these weekly and quarterly credit briefs on the EIKON advanced research platform.
This deal also facilitates Refinitiv Customers easily evaluate the credit risk of more than 35,000 active public firms across 128 economies on daily basis by providing access to CRI historical credit risk database that covers over 68,000 public companies worldwide via DATASCOPE. Credit risk managers, economic researchers, credit analysts and fixed-income portfolio managers can investigate and evaluate the credit environment across individual firms as well as at country, region and sector level with data now made available via this partnership.
Alfred Lee, Managing Director, Asia Pacific at Refinitiv said “Refinitiv is proud to partner with the NUS, a prestigious global academic institution. This partnership showcases true industry collaboration by bringing together the academic and professional world’s, highlighting Refinitiv’s focus on delivering the best data, tools and insights to the global markets. As a leading data information provider, we are excited to provide this new service to our global customers from Singapore.”
“The CRI has come up with a constructive solution to reform the credit rating industry in 2009 and has built a comprehensive infrastructure for research, development and production of corporate default predictions. We now produce several credit risk measures for almost every exchange-listed firm worldwide”said Professor Jin-ChuanDuan, Founder and Project Lead of the Credit Research Initiative. And he also added that “We hope to contribute to the proper functioning and stability of the financial market by making high-quality credit information widely available. Thanks to our valuable partnership with Refinitiv, even more financial practitioners will have access to timely, granular and completely transparent smart data”.
About Refinitiv
Refinitiv is a global provider of financial markets data and infrastructure that was formed when Canadian multinational mass media and information firmThomson Reuters Corporation sold a 55-percent majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP early this October and has a wide client base who use their platforms and has over 89 offices across the globe as per information in their website.
About the CRI
The Credit Research Initiative (CRI) is a non-profit undertaking at the Risk Management Institute (RMI) of the National University of Singapore. It was launched in July 2009 by then the RMI director Professor Jin-ChuanDuan with the able assistance from Dr. Oliver Chen. Over the course of its development, the CRI has been dedicated to promoting the research on credit risk and offering directly useful credit analytics to the market participants.
