Bloomberg Launches Market-Driven Daily Credit Risk Indicator
Powerful early warning indicator incorporating data from BVAL enables clients to proactively mitigate credit risk and identify trading and investment opportunities
NEW YORK, July 27, 2021 /PRNewswire/ — Bloomberg today announced its Market-Implied Probability of Default (MIPD) product, a fully market-driven creditworthiness indicator, is now available to both Enterprise Data and Bloomberg Terminal clients globally. MIPD enables clients to easily incorporate creditworthiness metrics within their existing workflows for a more holistic approach to credit risk management.
“Market participants are generally aware of potential credit issues ahead of official rating downgrades or defaults; and while CDS prices can serve as indicators, they are often limited with fewer issuers traded and reduced liquidity,” said Brad Foster, Global Head of Enterprise Data Content at Bloomberg. “By quantifying market sentiment underpinned by BVAL’s rich data sets, MIPD provides a powerful early warning creditworthiness assessment for a wide range of issuers across the curve that can help investors navigate changing market conditions, including both issuer-specific news as well as market-wide events.”
MIPD provides clients with a highly responsive, transparent, daily credit risk assessment that incorporates data from BVAL, Bloomberg’s best-in-class evaluated pricing service, to proactively estimate fixed income market sentiment and quickly react to changing market and issuer-level conditions. This solution helps anticipate credit deterioration such as major rating downgrades and defaults ahead of traditional credit analysis, allowing clients to confidently make risk and investment decisions.
MIPD is a premium Enterprise Data solution that is available to Bloomberg Data License clients, as well as on the Bloomberg Terminal through a new dedicated screen accessed via MIPD , W and via the Excel API. The solution includes implied probability of default for over 36,000 issuers and multiple sectors across the term structure from 1 to 20 years.
Bloomberg’s Enterprise Data business produces high-quality pricing, reference and regulatory datasets, real-time market, event and news data, and liquidity analytics along with data management and distribution technologies. For more information about Bloomberg’s MIPD solution, please click here.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.
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