Bloomberg announced today that it will make Credit Benchmark’s credit risk data—derived from the risk views of the world’s largest financial institutions–available on the Bloomberg Terminal, and also for clients to license the data for an enterprise use case. The company will make this unique anonymized consensus data available alongside existing credit risk datasets and risk indicators, providing complementary content to help market participants assess the credit quality or risk of default of a counterparty, company or entity, all integrated within their existing workflows.
Donal Smith, Co-founder and Chairman at Credit Benchmark, said: “In the current market environment our consensus view of credit quality has been a vital source of insight on where lenders see the biggest risks. We’re excited to be working with Bloomberg to expand availability of this intelligence to additional market participants.”
Mark Faulkner, Co-founder at Credit Benchmark, commented: “Teaming up with Bloomberg offers a welcome opportunity to provide much-needed credit transparency in areas such as securities finance, client onboarding, and supply chain risk management.”
