S&P Global Market Intelligence and Oliver Wyman Collaborate to Launch First-of-its-Kind Climate-Linked Credit Analytics Model Suite
NEW YORK, July 14, 2020 /PRNewswire/ -- S&P Global Market Intelligence and Oliver Wyman announced today a collaboration to create a climate-linked credit analytics model suite. This breakthrough risk and scenario analysis capability will provide credit risk assessments of companies under a range of climate scenarios.
The model suite is designed to help financial institutions and corporates assess how a transition to a low-carbon economy will impact the creditworthiness of their counterparties. It will combine S&P Global Market Intelligence's advanced Credit Analytics risk models and data with Oliver Wyman's industry-leading climate scenario and stress testing expertise.
"Oliver Wyman's deep expertise in assessing climate risk scenarios and overall risk management complements S&P Global Market Intelligence's comprehensive differentiated data and credit risk analytics offerings," said Whit McGraw, Managing Director and Global Head of Credit Risk Solutions at S&P Global Market Intelligence. "These intuitive models will provide an in-depth view of the drivers that will impact credit risk, giving our clients a new layer of climate-related assessment tools that help them form a holistic approach to assess credit risk."
"S&P Global has a wealth of strategic assets that provide essential intelligence to key decision makers. We are excited to combine their unique databases and analytics with our counterparty level, driver-based methodologies," said Ilya Khaykin, Partner and Head of Climate Risk for the Americas at Oliver Wyman.
The multi-sector climate-linked credit analytics models will become available on a rolling basis throughout 2020 and 2021.
S&P Global's recent climate-related initiatives include the following:
About S&P Global Market Intelligence
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). For more information, visit www.spglobal.com
About Oliver Wyman
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SOURCE S&P Global Market Intelligence