S&P Expands its Probability of Default Coverage

Standard & Poor’s (S&P) Valuation and Risk Strategies has increased the number of public companies included in its daily probability of default (PD) calculations, to 6,978 in Europe, the Middle East and Africa (EMEA), and 31,036 companies worldwide.

Calculated as a forward-looking assessment over a one-year period, the PD measure provides an instant view of credit risk across a large and growing universe of counterparties.

Available to investment and risk managers subscribing to the Global Credit Portal or clients of S&P’s custom Global Data Solutions, S&P’s PD calculations provide an estimate of the probability that over the course of a year an issuer obligor will default on its contractual payment obligations on a bond.


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