FactSet Partners with Criat to Deliver Credit Risk Data

NORWALK, Conn., September 5, 2024 -- FactSet, a global financial digital platform and enterprise solutions provider, today announced its agreement with Criat, a Singapore-based FinTech company, to provide fixed income managers with access to Criat’s next-generation credit data and analytics that inform portfolio risk models, enhance regulatory workflows, and enable better management of credit risk.

Criat’s credit risk data grants FactSet clients, including insurance firms, asset owners, and institutional asset managers, access to a unified credit risk model. Criat will provide daily updated credit risk data for over 90,000 global public firms and 8,000 global non-listed bond issuers. This offering empowers fixed income managers to measure and decompose the credit risk of their portfolios and alerts them to potential credit quality deterioration to inform their strategic portfolio management decisions.

FactSet clients can access this data within Portfolio Analysis, an industry-leading analytical investment platform, or integrate it into proprietary models and screens.

“Criat is thrilled to work with FactSet to bring global financial institutions advanced credit analytics for portfolio management,” said Miao Weimin, Co-Founder and CEO at Criat. “This joint effort provides FactSet clients with forward-looking credit views of risks and opportunities through our cutting-edge models to drive more informed decisions.”

Fixed income managers can now leverage credit risk data to enhance their workflows through:

• Flexible Monitoring Capabilities: FactSet users get a transparent view of credit risk by creating customized, probability of default-derived filters within FactSet’s Portfolio Analysis, allowing insight into early warning signals to avoid losses, identify investment opportunities, monitor credit cycles, and perform “what-if” analyses for hypothetical scenarios.
• Enhanced Risk Analysis: Integrated into FactSet’s Portfolio Analysis, Criat’s data drives user’s ability to better understand credit risk relative to their benchmark. Criat Credit Cycle Index, a robust measurement of the health and vulnerability of the credit market, allows FactSet users to aggregate data to build macro financial signals that inform asset allocation and risk management strategies.
• Detailed Risk Breakdown: FactSet users have access to a detailed breakdown of the factors contributing to default risks to better understand the macroeconomic and company-specific driving forces that impact credit model outputs.

“At FactSet, we strategically invest in our data offerings to help our clients make better investment decisions," said David Mellars, Senior Vice President and Senior Director of Institutional Buy Side Product Management at FactSet. “Criat’s multi-lens view of credit risk seamlessly compliments FactSet’s comprehensive investment platform, providing our clients with the data-driven insight into credit risk cycle trends, forward-looking scenarios, and the influence of market and macroeconomic factors to more accurately anticipate defaults and rebalance portfolios with confidence.”

For more information on FactSet’s solutions for fixed income managers, please visit: https://www.factset.com/solutions/portfolio-analytics

About FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,000 global clients, including over 208,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

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