S&P Capital IQ®, a business unit of McGraw Hill Financial (NYSE:MHFI), today announced the availability of Fitch’s credit ratings on its proprietary Xpressfeed platform. Effective immediately, Fitch’s ratings of fixed-income issuers and securities for global issuers, structured finance transactions, and public finance are available alongside those of Moody’s Investors Service and Standard & Poor’s Ratings Services on a unified, single platform. A subscription with each credit ratings agency is required to receive their ratings on Xpressfeed.
The delivery of ratings from the three largest credit ratings agencies on a single data feed platform has been designed to enhance efficiency for credit and application development professionals who can now query ratings data from a single source. The consolidation of data also delivers substantial maintenance cost savings in data management and technology. In addition, clients can now benefit from seamless entity and security-level mappings between all three credit ratings agencies.
“Clients rely on our knowledge and experience in understanding, interpreting and processing ratings data,” said Rick Kanungo, Vice President of Product Management at S&P Capital IQ. “Therefore, adding Fitch’s credit ratings to our data feed is a natural extension of our core competency in processing S&P’s and Moody’s ratings.”
“Xpressfeed delivers frequent intra-day updates of ratings and other data in a normalized format that is highly desired by our clients,” added Jonathan Reeve, Chief Product Officer, at S&P Capital IQ. “It also enables integration with other S&P Capital IQ datasets, such as Compustat, entity capital structure, entity hierarchy, consensus earnings estimates, ownership, deal transactions, industry classifications and cross reference services.”
Standard & Poor’s Ratings Services provides independent credit risk research and benchmarks, and has currently issued 53,000 corporate ratings, 61,000 financial institution ratings, 6,800 insurance company ratings, 970,200 government security ratings and 85,200 structured finance ratings.1 The S&P Capital IQ platform is widely used by financial professionals globally to develop investment ideas, conduct financial analysis, and assess credit risk.
1 Source: McGraw Hill Financial 2015 Investor Fact Book
