Sees Increased Demand in Asia for Credit Risk Product Solutions
Hong Kong – September 3, 2013 – S&P Capital IQ today announced a major Indonesian engagement for delivering a Project Finance Scorecard to PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) who provides financing to infrastructure projects. This follows growing demand for S&P Capital IQ’s suite of unique credit risk product solutions across Asia.
Through the S&P Capital IQ Project Finance Scorecard, PT SMI will be able to measure, mitigate and manage credit risk, as it plays an active role in facilitating infrastructure financing projects in Indonesia.
“S&P Capital IQ is pleased to work closely with PT SMI to expand their credit assessment capabilities. As we continue our expansion in Asia, we are seeing increased demand for product solutions that help support improved credit decision making” said Jose Ordonez, Managing Director at S&P Capital IQ.
Given the volatile market performance in Indonesia and other Southeast Asian economies, credit risk assessment has become increasingly important for infrastructure products financing across the region.
“PT SMI’s vision is to become a leading catalyst in the acceleration of Indonesia’s National Infrastructure Development Program. We create synergies among stakeholders especially with local government, banks and SOEs to increase the funding capacity” said Emma Sri Martini, President Director of PT SMI.
“As an infrastructure financing company, with the mandate for supporting infrastructure development in Indonesia, we are looking for a sophisticated project finance rating methodology that helps PT SMI objectively assess the risk of projects as well a user-friendly tool. We chose the S&P Capital IQ’s Project Finance Scorecard because it fits these critical criteria well.”
“Through the speedy implementation of the S&P Capital IQ Scorecard, we expect to elevate our risk management operation to a higher degree of maturity by having credit rating models and methodologies that are based on global best practices,” said Emma Sri Martini.
Ordonez further commented, “The Project Finance Scorecard is part of a suite of tailored credit risk products that provides credit professionals with the ability to consistently assess the credit risk, including Probability of Default, of private and publicly traded obligors of any size, in any geography in Asia or globally, across a variety of sectors.”
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need.
For more information visit: www.spcapitaliq.com.
Ryan Financial Communications