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A-Team Insight Blogs

Isbank Reduces Credit Risk by Adopting Fitch Solutions’ Risk & Performance Platform

Fitch Solutions, a division of the Fitch Group, is pleased to announce that Isbank, Turkey’s national bank, has reinforced its credit risk reduction processes by subscribing to Fitch Solutions’ Risk & Performance Platform (RPP), thus expanding its ability to access credit risk measures, CDS pricing and ratings data.

Isbank reinforced its extensive credit risk reduction strategy by adopting Fitch Solutions’ Risk & Performance Platform, thus providing them with access to proprietary data for analyzing credit risk and relative value, including CDS implied ratings, equity implied ratings and probabilities of default, consensus pricing on single-name CDS, fundamental ratings from Fitch Ratings and more.

Officials of Isbank commented, ”Managing credit risk is of paramount importance to both the Corporate Loans Underwriting Division and Isbank as a whole. Given our pioneering and modern approach to banking, we are continuously seeking new methods that will assist us in expanding the information we have available on corporate entities, their associated investment offerings and how we can augment our credit analysis processes.”

RPP provides subscribers with a single point of access to a wide array of information including timely market-based indicators over short and medium-term horizons and intuitive portfolio views. In addition, it offers historical median spread levels for each implied rating category, as well as sophisticated searching, analytical and exporting capabilities. It also has whole portfolio graphing, filtering and drill-through analyses via the customisable Dashboard.

RPP allows intuitive searching, sorting, and filtering of credits. Users can create customized portfolio views to monitor their exposures and get early warnings on changes in credit quality. The toolkit delivers pricing and credit risk deltas of daily, weekly, monthly, quarterly or annual periodicity depending on the subscriber’s needs. Historical median spread levels for every implied rating category assist with benchmarking and risk-return analysis. Along with portfolio monitoring the platform also includes portfolio-sharing capabilities.

“As Turkey’s largest private sector bank, Isbank is an important addition to our subscriber base and further highlights Fitch Solutions’ position as a market leading vendor of credit risk and research products and services,” said Thomas Aubrey, managing director, Fitch Solutions, London.

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