Software provides access to adjusted financial statements.
Press Release Summary:
Available as module of web-based RatingsDirect®, CreditStats Direct(TM) supplies clients with financial statement data, as adjusted by Standard and Poor's ratings analysts to use in credit analysis. It includes financials and ratios for North American and European rated Corporate and Utility entities. Six categories of information include key stats and ratios, income statement, balance sheet, cash flow statement, capital structure, and supplemental financials.
Original Press Release:
New Product from Standard & Poor's Provides Direct Access to Credit-Adjusted Financial Statement Data
CreditStats Direct(TM) offers adjusted financial data used by Standard & Poor's ratings analysts to evaluate corporate and utility entities
NEW YORK, Jan. 16 - Standard & Poor's, a leading provider of financial market intelligence, announced today the launch of CreditStats Direct(TM). Available as a module of RatingsDirect®, the leading web-based source for Standard & Poor's global credit ratings and research, CreditStats Direct puts into clients' hands the financial statement data, as adjusted by Standard & Poor's ratings analysts to use in their credit analysis. This adjusted data gives clients deeper insight into Standard & Poor's ratings and methodologies.
Standard & Poor's ratings analysts make certain adjustments to published financial statement data in order to better reflect underlying economics, enable more meaningful peer and period comparisons, normalize different estimates and assumptions, and better reflect creditors' risks and rights. With CreditStats Direct, clients can have a view into these analyses for North American and European Corporate and Utility entities to inform their own assessments of credit quality and risk.
"It has long been our practice to make analytic adjustments to issuers' financial statement data to achieve greater consistency across different accounting methods and get a better view of issuers' financial position and risk," said Solomon Samson, Managing Director and Chief Criteria Officer for corporate ratings at Standard & Poor's. "The information that CreditStats Direct provides will foster better understanding of the fundamental analysis behind our credit ratings."
"S&P's annual CreditStats reports have been a key feature of our credit research services, and are consistently the most heavily used reports among the 60,000 we publish each year. CreditStats Direct offers this material throughout the year, refreshed more frequently," said Luis Cerda, Senior Director of Product Development for Standard & Poor's. "We've now combined this with additional features for clients to compare data for up to 100 issuers at a time and export this information into Excel."
CreditStats Direct includes credit-adjusted financials and ratios for North American and European rated Corporate and Utility entities. In addition, it provides six primary categories of financial information: Key Stats & Ratios, Income Statement, Balance Sheet, Cash Flow Statement, Capital Structure and Supplemental Financials. Its main features include:
o A tool for comparing the financial statistics and ratios for up to 100 entities
o Microsoft Excel® export capability
o Full integration with existing RatingsDirect functionality
o Up to three years of historical data as available
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is a leading provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/.
About RatingsDirect®
Ratings Direct is the leading real-time, web-based source for Standard & Poor's global credit ratings, research, and risk analysis.
CONTACT: Product Information
Luis Cerda
Standard & Poor's
+1-212-438-7587
luis_cerda@standardandpoors.com
Web site: http://www.standardandpoors.com/
