S&P Capital IQ, a provider of multi-asset class data, research and analytics, has partnered with Dun & Bradstreet (D&B) to expand its offering of fundamental data for private companies in western Europe and North America. This content will be available via Xpressfeed, the S&P Capital IQ’s enterprise data feed management solution, for the first time.
The package procured from D&B will more than double S&P Capital IQ’s coverage of private company financials in key markets including Germany, the Nordic countries, the UK and the US.
“This initiative represents an important milestone for the industry, as private company financials will be presented in a more detailed and traceable chart of accounts that align with S&P Capital IQ data quality standards,” said Silvina Aldeco-Martinez, managing director at S&P Capital IQ.
This new expanded offering, combined with S&P Capital IQ’s knowledge of financial data and thorough quality checks, which introduce an additional level of quality assurance, will provide customers with increased transparency on private companies throughout Europe and North America, supporting effective decision making for lending, exposure management, investments and merger and acquisition (M&A).
“With distressed markets leading to uncertain valuations and heightened risk exposures, the need for independent, timely data and in-house company analysis is more pressing than ever,” added Aldeco-Martinez. “This initiative will provide decision making support on private companies to those who need it most.”
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