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Fitch Solutions Launches Bank Scorecard Tool to Aid Counterparty Risk Analysis
[September 10, 2019]

Fitch Solutions Launches Bank Scorecard Tool to Aid Counterparty Risk Analysis

Fitch Solutions today announced the launch of a new analytical tool, Bank Scorecard. Designed to aid counterparty risk analysts with their banking portfolios, the Scorecard is the latest enhancement in the company's Credit Risk Solution for Counterparty Credit Risk Analysis. The Bank Scorecard is an 'expert judgement' scoring and analysis tool aligned to the Fitch Ratings Bank Rating framework and calibrated on Fitch Ratings Viability Rating criteria, allowing users to gain a holistic view of credit risk using the same methodology across an entire portfolio.

"Nearly 90% of banks globally are unrated, leaving counterparty risk analysts with a massive data gap, particularly for emerging and frontier markets," says Paul Whitmore, Head of Credit Risk Solutions at Fitch Solutions. "The Bank Scorecar makes the workflow of credit analysis more efficient. By pulling over 1,200 lines of data for a given bank, as well as its operating environment, it enables the user to exercise their own expert judgment in order to make adjustments to each of the risk dimensions, across all monitored entities."

The Bank Scorecard, available on the Fitch Connect Excel Add-In, enables users to generate consistent standalone credit scores for all banks in their portfolio, whether they are rated by Fitch or not. The tool's breadth of data, including macroeconomic data, sovereign rating data, fundamental financials, and other relevant data points from both Fitch Solutions and Fitch Ratings, allows users to adjust assumptions and make informed credit decisions.

About Fitch Solutions

Fitch Solutions is a world leading provider of credit, debt market, and macro intelligence solutions, and the primary distributor of Fitch Ratings content. Today, 90% of the world's leading banks and financial institutions, as well as multinational companies, government agencies, and consulting firms based across the globe depend on Fitch content to inform their business decisions.

Fitch Solutions is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is wholly-owned by Hearst.

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