Algorithmics and Standard & Poor's have entered an agreement to integrate their respective credit risk products for data analysis.
The non-exclusive agreement involves integrating Standard & Poor's CreditModel, CreditPro, Ratings Express and the PMD loss/recovery and leveraged comps databases with Algorithmics' Algo Portfolio Credit Risk Engine (PCRE) and Algo Credit eValuator (ACV).
According to Scott Aguais, director, credit risk solutions at Algorithmics, the initiative involves designing interfaces to aid the transfer of credit risk data from various Standard & Poor's credit products into Algorithmics' banking book products.
"The overall solution opens up to Standard & Poor's customers another option for leveraging its data with Algorithmics' credit analytics including our portfolio and valuation engines. Our banking book customers will gain smoother integration of their data and analytic solutions through these customised interfaces," says Aguais.