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A-Team Insight Blogs

Asset Control Expands Coverage of Fitch Solutions Data to Credit Risk Ratings

EDM vendor Asset Control has expanded its Fitch Solutions data coverage as part of its AC Plus data management software solution. According to the vendor, the Fitch Solutions Ratings Delivery Service (RDS) data feed, which provides credit ratings and related information on corporate, structured finance and public finance issues and issuers, is now available as an off the shelf AC Plus interface.

The addition of the data is aimed at helping financial institutions to obtain improved insight into credit risk and performance of financial instruments and issuers, says Asset Control. Phil Lynch, president and CEO of the vendor, explains: “As risk and performance becomes increasingly critical in today’s financial climate, this latest set of Fitch Solutions interfaces for AC Plus further expands the capability to process credit and issuer information.”

According to Fitch, the RDS data feed facilitates credit analysis, monitoring and compliance needs and streamlines internal efforts to maintain credit rating information.

Fitch Ratings information is now provided to Asset Control’s AC Plus on a daily, monthly and intraday basis, providing customers with updates every 15 minutes throughout the day. AC Plus can store and integrate the data with other data sets for comparison and the solution also provides off the shelf capabilities to link the ratings and research of Fitch Ratings to other instrument and issuer detail. This allows users to see a full picture of issuer and issue credit exposure for all data maintained in the enterprise data management system, says the vendor.

The expansion of the solution to cover more risk analysis data is in keeping with the current trend in the market towards linking risk management with better data management. As budgets have become tighter and metrics for data management projects become more focused, risk management has become a buzzword for the vendor community.

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