Fitch Risk launches Credit Rating System

CreditVantage, the credit risk management division of Fitch Risk, has launched Credit Rating System (CRS), a suite of credit rating products designed to assist banks in implementing industry best practices in their credit analysis and capital allocation processes.

CRS uses a multivariate regression model designed to replicate major agency ratings. It uses a combination of historical financial information and point-in-time equity market information to generate statistically robust agency-like ratings for both public and private firms, Fitch Risk said. CRS can be used to predict credit ratings with individual models for US, European and Japanese corporates, telecommunication companies, utilities, small and medium-sized enterprises, and banks.

“CRS will