CreditVantage launches new probability-of-default software

Fitch said the tool is unique in having drivers that shift according to the time period of the analysis. There are also several versions for different-sized companies, another variable that greatly influences the likelihood of default. These features allow for various factors to be weighted appropriately according to the individual set of circumstances at any time.

Fitch said the package would complement existing CreditVantage software. Provisionally available in the US only, it will be rolled out to other countries over the course of this year.

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