Meredith Rowley, Author at ׶Ƶ Know More. Risk Better.® Mon, 19 Sep 2022 18:46:00 +0000 en-US hourly 1 /wp-content/uploads/cropped-favicon-512x512-1-32x32.png Meredith Rowley, Author at ׶Ƶ 32 32 Fitch Group to Acquire ׶Ƶ, Inc., a Leading Provider of Independent Credit Research /fitch-group-to-acquire-creditsights-inc-a-leading-provider-of-independent-credit-research/ Thu, 14 Jan 2021 15:10:35 +0000 http://know.creditsights.com/?p=3643 Fitch Solutions – New York and London – 14 January 2021: Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire ׶Ƶ, Inc.,...

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]]> Fitch Solutions – New York and London – 14 January 2021: Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire ׶Ƶ, Inc., a leading provider of independent credit research to the global financial community.

The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed, and closing is subject to regulatory approvals and other customary closing conditions.

Following the closing, ׶Ƶ will become part of Fitch Group’s Fitch Solutions division, as it further expands its research coverage of investment grade, leveraged and distressed debt markets. Fitch Solutions is a leading provider of credit and macro intelligence, and the primary partner to Fitch Ratings for the distribution of its ratings-related content.

Founded in 2000, ׶Ƶ is a leading provider of subscription-based, independent credit research, risk tools and comprehensive market insights to finance professionals around the world. Headquartered in New York, with offices in London, Singapore and Denver, the company has over 200 full-time employees.

׶Ƶ’ core research product provides in-depth, market-relevant research. Covering more than 1,200 issuers, ׶Ƶ helps financial market participants make better informed decisions on investments, asset allocation, trading and risk management.

Through the acquisition of ׶Ƶ, Fitch Group will complement its portfolio by adding a leading provider of relative value credit research to a suite of products that includes legal analyses and fixed-income news offered by Fitch Solutions Leveraged Finance Intelligence through its Covenant Review, Capital Structure,LevFinInsights andPacerMonitorbrands, as well as the credit ratings and research from Fitch Ratings.

Paul Taylor, President and CEO of Fitch Group, said:

“We are delighted to bring ׶Ƶ into the companies of Fitch Group. ׶Ƶ’ independent research is highly regarded by financial market participants worldwide. The acquisition will provide a unique opportunity to create enhanced offerings for the benefit of both Fitch’s and ׶Ƶ’ customers, increasing information and transparency in the global capital markets.”

Peter Petas, CEO of ׶Ƶ, said:

“Twenty years after we founded ׶Ƶ, I am excited for this next chapter for the firm and for us to be an integral part of Fitch Solutions. The combination of our best-in-class research with Fitch Solutions’ businesses will allow us to enhance the solutions we can offer and expand the ways we can partner with our clients.”

DC Advisory served as financial advisor to ׶Ƶ on this transaction.

About Fitch Group

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of data, research & analytics; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

About ׶Ƶ, Inc.

׶Ƶ empowers nearly 15,000 financial professionals among the world’s largest institutions with the credit-risk tools, independent research and comprehensive market insights they need to make well-informed credit-risk decisions. Setting the standard for global credit research since 2000, ׶Ƶ provides timely data, news, recommendations and unbiased analysis of the investment-grade and high yield debt securities of 1,200+ issuers around the world. ׶Ƶ delivers this content through innovative platforms, enabling market participants to know more, risk better and ultimately create value.

About Hearst

Hearst is a leading global, diversified media, information and services company with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; global financial services leader Fitch Group; Hearst Health, a group of medical information and services businesses; transportation assets including CAMP Systems International, a major provider of software-as-a-service solutions for managing maintenance of jets and helicopters; 33 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, California, which reach a combined 19% of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Times Union (Albany, New York); more than 300 magazines around the world, including Cosmopolitan, ELLE, Men’s Health and Car and Driver, and digital services businesses such asiCrossingand KUBRA; and investments in emerging digital entertainment companies such as Complex Networks. Follow us on Twitter @Hearst. To learn more about Hearst, visit hearst.com.

Contacts:

Fitch Group: Mark Tierney, +44 20 3530 1697,mark.tierney@thefitchgroup.com

׶Ƶ: Amanda Loveday, +1 803 315-5837,amanda@thericciardigroup.com

Hearst: PaulLuthringer, +1 212 649-2540,paul@hearst.com

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]]> Bank of America sells $2 billion of bonds to help fight inequality in Black and Hispanic communities https://www.marketwatch.com/story/bank-of-america-sells-2-billion-of-bonds-to-help-fight-inequality-in-black-and-hispanic-communities-11600809435?link=MW_latest_news#new_tab Wed, 23 Sep 2020 12:22:54 +0000 http://know.creditsights.com/?p=2747 But for investors dedicated to environmental, social and corporate governance (ESG) issues, the “offering is a good opportunity for exposure in a name that has taken a leading role in...

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]]> But for investors dedicated to environmental, social and corporate governance (ESG) issues, the “offering is a good opportunity for exposure in a name that has taken a leading role in the developing market for ESG bonds,” wrote a team led by Jesse Rosenthal, head of U.S. financials at ׶Ƶ.

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]]> INDIE BOUTIQUE CREDITSIGHTS EMBRACES MACHINE LEARNING https://www.integrity-research.com/creditsights-embraces-machine-learning/ Wed, 16 Sep 2020 11:45:44 +0000 http://know.creditsights.com/?p=2690 Leading independent fixed income research firm ׶Ƶ made a minority investment in Alphastream to leverage the Singapore-based fintech firm’s machine learning expertise. The move was part of a broader strategy...

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]]> Leading independent fixed income research firm ׶Ƶ made a minority investment in Alphastream to leverage the Singapore-based fintech firm’s machine learning expertise. The move was part of a broader strategy to expand the firm’s quantitative and data offerings.

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]]> ׶Ƶ Launches Covenants Product, Expands Market-Leading Offerings /creditsights-launches-covenants-product-expands-market-leading-offerings/ Tue, 08 Sep 2020 07:05:48 +0000 http://know.creditsights.com/?p=2602 NEW YORK, N.Y. (September 8, 2020) – Leading independent credit analysis firm, ׶Ƶ, Inc. announced the launch of a new covenants product, a suite of covenant-related reports and tools available...

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NEW YORK, N.Y. (September 8, 2020) – Leading independent credit analysis firm, ׶Ƶ, Inc. announced the launch of a new covenants product, a suite of covenant-related reports and tools available through the ׶Ƶ portal. The addition of this product puts covenant analysis alongside ׶Ƶ’ market-leading credit research, merging the company’s fundamental analysis and sector expertise with document analysis to provide an unrivaled view of the European High Yield credit market.

Within ׶Ƶ Covenants, users will have access to: searchable and downloadable covenant reports tackling both the primary and secondary markets; highlighted Covenants to Watch; a covenants comparison table tool; and an interactive calculator customers can use to calculate and model secured debt capacity.

“׶Ƶ Covenants is an enhancement product that takes our analyses to the next level, expanding how top financial investors around the world can utilize ׶Ƶ to assist their assessments of credit and covenant risk,” said Mark Chapman, President of ׶Ƶ London. “There is no other company with the embedded infrastructure to provide this comprehensive approach to covenants, marrying sector expertise and legal analysis, to create a truly investor-relevant approach and cementing ׶Ƶ’ position as a leading voice in independent credit research.”

Individual reports within ׶Ƶ Covenants provide the data for analysts to assess the covenant risk for new issues and in the secondary market. ׶Ƶ uses proprietary technology and highly trained analysts to quickly identify and present the risks in summary reports and tables, accessible in an easy-to-read format.

To receive access to the product, contact us to learn more. Current ׶Ƶ subscribers can access covenants tools through their ׶Ƶ portal.

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]]> ׶Ƶ makes Strategic Investment in Alphastream /creditsights-makes-strategic-investment-in-alphastream/ Thu, 03 Sep 2020 12:06:51 +0000 http://know.creditsights.com/?p=2578 September 3, 2020 New York, NY, ׶Ƶ, a leading provider of independent fixed income research today announced that it has taken a minority stake inAlphastream, a fintech company based in...

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September 3, 2020 New York, NY, ׶Ƶ, a leading provider of independent fixed income research today announced that it has taken a minority stake inAlphastream, a fintech company based in Singapore. As part of the investment, Bala Subramanian, Chief Product and Technology Officer of ׶Ƶ, will join Alphastream’s board.

Alphastream develops next generation data and technology platforms powered by artificial intelligence and machine learning that are aimed at transforming the way the financial services industry acquires and consumes information from a variety of sources. ׶Ƶ’ close collaboration with Alphastream will help drive new product innovation and business expansion.

“We are delighted to partner with Alphastream and are excited about the opportunity to leverage their AI/ML capabilities to enhance our research, content and analytics,” saidPeter Petas, CEO of ׶Ƶ. “׶Ƶ’ twenty-year track record has been underpinned in delivering relevant research that resonates with the most sophisticated financial professionals. AlphaStream’s platforms will complement our mission to help our clients know more and risk better,” noted Chris Ucko, President of ׶Ƶ.

Alphastream technology empowers financial professionals by delivering mission critical data and workflow solutions to a wide range of market participants using a cloud-based software platform.

Nitin Nath, co-founder and CEO of Alphastream added, “We are thrilled to partner with ׶Ƶ whose long-running expertise in global financial markets will serve as valuable input into the design and development of our next generation solutions.”

About ׶Ƶ

׶Ƶ empowers nearly 15,000 financial professionals among the world’s largest institutions with the credit-risk tools, independent research and comprehensive market insights they need to make well-informed credit-risk decisions. Setting the standard for global credit research since 2000, ׶Ƶ provides timely data, news, recommendations and unbiased analysis of the investment-grade and high-yield debt securities of 1,200 issuers around the world. ׶Ƶ delivers this content through innovative platforms, enabling market participants to know more, risk better and ultimately create value.

About Alphastream

Alphastream is an Artificial Intelligence and Data Services company specialized in the Capital Markets domain. We have been creating new possibilities with data through intelligent and contextual data extraction with high precision. Alphastream proprietary algorithms understand various types of unstructured data and digitize every bit of information from a diverse range of reports and deliver in a standard format. The technology team comprises of specialists in Natural language processing and Machine Learning who work along with Financial Services industry professionals. Our customers rely on us for timely, accurate and reliable data presented in a standardized format for easy analysis.

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]]> High-Yield Bonds’ Distress Signals Are Fading. That Could Spell Trouble. https://www.barrons.com/articles/high-yield-bonds-shrug-off-dangers-that-could-spell-trouble-51599078441#new_tab Thu, 03 Sep 2020 08:03:33 +0000 http://know.creditsights.com/?p=2576 The long-term median spread between high-yield bonds and Treasuries is 4.85 percentage points, according to ׶Ƶ.

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]]> The long-term median spread between high-yield bonds and Treasuries is 4.85 percentage points, according to ׶Ƶ.

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]]> After Stock Split, Tesla’s Share-Sale Plans Boost Bonds https://www.wsj.com/articles/teslas-share-sale-plans-boost-bonds-11599048673#new_tab Thu, 03 Sep 2020 08:01:25 +0000 http://know.creditsights.com/?p=2574 “It’s been a roller-coaster ride for bond investors,” said Hitin Anand, industrials analyst at ׶Ƶ. “Right now, the good news is Tesla has a lot of options at the table.”

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]]> “It’s been a roller-coaster ride for bond investors,” said Hitin Anand, industrials analyst at ׶Ƶ. “Right now, the good news is Tesla has a lot of options at the table.”

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]]> China’s mega banks lost billions of dollars in profit as bad loans rise during coronavirus pandemic https://www.cnbc.com/2020/08/31/profit-declines-for-chinas-big-banks-in-first-half-of-2020-due-to-bad-loans-during-coronavirus.html#new_tab Mon, 31 Aug 2020 14:51:54 +0000 http://know.creditsights.com/?p=2558 “The banks have been asked to …perform ‘national service.’ They’ve been asked to support the economy at the expense of their own operational strength,” said Jason Tan, research analyst at...

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]]> “The banks have been asked to …perform ‘national service.’ They’ve been asked to support the economy at the expense of their own operational strength,” said Jason Tan, research analyst at ׶Ƶ, told CNBC’son Monday.

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]]> Fed Ramps Up Auto Bond Buying With Industry Starting to Recover https://www.bloomberg.com/news/articles/2020-08-11/fed-ramps-up-auto-bond-buying-with-industry-starting-to-recover#new_tab Tue, 11 Aug 2020 20:00:29 +0000 http://know.creditsights.com/?p=2497 The Fed bought another $224 million of debt tied to auto companies since its last update on July 10, the most of any sector. That debt is now the second-heaviest...

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]]> The Fed bought another $224 million of debt tied to auto companies since its last update on July 10, the most of any sector. That debt is now the second-heaviest exposure overall, according to a ׶Ƶ analysis of Fedreleased Monday.

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]]> DBS Is Best Positioned Among Singapore’s Banks Amid Headwinds: ׶Ƶ https://www.cnbc.com/video/2020/08/06/dbs-is-best-positioned-among-singapores-banks-creditsights.html Thu, 06 Aug 2020 16:59:41 +0000 http://know.creditsights.com/?p=2475 DBS has “far more diversified” revenue streams compared to its competitors in Singapore, says Pramod Shenoi of ׶Ƶ. He also discusses the Monetary Authority of Singapore’s latest dividend restrictions for...

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]]> DBS has “far more diversified” revenue streams compared to its competitors in Singapore, says Pramod Shenoi of ׶Ƶ. He also discusses the Monetary Authority of Singapore’s latest dividend restrictions for banks given the uncertain economic climate, and calls the scrip payment option “a very sensible one.”

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