Cognitive Credit Launches European Investment Grade Coverage
Cognitive Credit, the leading provider of corporate credit data and analytics technology, today announces the launch of a European Investment Grade (IG) license, expanding its global coverage to over 1,300 issuers.
This new license includes detailed historical financial data for over 300 BBB-rated issuers, with more companies added over time. The European IG coverage list has been developed in partnership with a number of leading sell-side firms and benchmarked to widely-tracked bond indices.
For over a decade, European BBB credit has performed like a low-volatility spread product, with investors predominantly focused on relative value rather than fundamental credit risk. The recent interest rate sell-off, paired with tighter financial conditions and a deteriorating macroeconomic backdrop, has changed that paradigm. This shift in 2022 resulted in a notably difficult year for credit returns, with the Markit iBoxx EUR Non-Financials BBB index down 14% (Source: Markit iBoxx Indices, S&P Global). To properly manage risk and respond to opportunities resulting from this dislocation, investors are revisiting how to ramp up fundamental analysis across the space.
Sudha Sathiaseelan, Vice President of Data, said: "Following the market volatility experienced in 2022, we worked closely with clients in recent months to be in a position to roll out our European IG offering at the start of the year. This data enhancement is a timely addition to our overall coverage universe, supporting credit investors as they seek new opportunities.”
Jack Wearne, Vice President of Product and Strategy, said: "As credit investors look to capitalize on new opportunities in the BBB space, this coverage expansion empowers them with the fastest and most accurate data that only Cognitive Credit can deliver. Subscribers will gain a comprehensive understanding of BBB company fundamentals and be in a position to perform accurate cross-market analysis for hundreds of additional credits.”
European IG is Cognitive Credit’s third data license available for subscription, alongside European High Yield and US High Yield. All data published by Cognitive Credit is sourced from publicly available financial reports, structured by proprietary machine-reading technology and published within minutes of release – guaranteeing fast, detailed, and transparent data developed specifically for institutional credit investors. Clients can access Cognitive Credit data via two separate channels: a REST API service and an innovative and easy-to-use web application.
About Cognitive Credit
At Cognitive Credit, we bring together experts in technology and finance to create scalable solutions custom-designed for institutional credit investors. By joining the most accurate fundamental data in the market with real-time updates and a suite of advanced analytics, we empower our clients to be as productive and insightful as possible.
Find out more at https://www.cognitivecredit.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230202005050/en/
Head of Marketing
+44 (0)20 8103 3090
VP, Product and Strategy
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Hyundai Motor Company and Advent Technologies Sign Joint Development Agreement Following Successful Fuel Cell Technology Assessment23.3.2023 03:25:00 EET | Press release
Hyundai Motor Company today announced a successful technology assessment with Advent Technologies Holdings, Inc. (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology sectors. The assessment evaluated Advent's proprietary Membrane Electrode Assembly (“MEA”) technology for supplying Hyundai’s high-temperature fuel cell needs, and following its success, the two companies have entered into a Joint Development Agreement (“JDA”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230322005788/en/ From left to right: Seung Hyun Hong, Ph.D. (Vice President, Materials Research & Engineering Center, Hyundai), Jim Coffey (Chief Operating Officer & General Counsel, Advent Technologies) (Photo: Business Wire) The signing ceremony took place on March 22, 2023, at Advent’s headquarters in Charlestown, Massachusetts, and included senior executives from both companies. Under the agreement, Hyundai and Advent will work
Bentley Systems Announces Strategic Agreement with Worldsensing22.3.2023 23:01:00 EET | Press release
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has entered into a non-exclusive commercial agreement to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for infrastructure designers, constructors, and owner-operators in their use of infrastructure digital twins. To this end, Worldsensing is acquiring from Bentley sensemetrics’ Thread connectivity device business to expand its hardware portfolio offerings. Bentley also becomes the lead investor in Worldsensing’s Series D capital raise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230322005676/en/ Worldsensing’s Connectivity Devices fully integrated with Bentley’s sensemetrics software and iTwin IoT cloud services. Image courtesy of Worldsensing. Worldsensing’s acquisition of the Thread connectivity device business will offer new options to its customers where adaptive senso
Incyte Announces FDA Approval of Zynyz™ (retifanlimab-dlwr) for the Treatment of Metastatic or Recurrent Locally Advanced Merkel Cell Carcinoma (MCC)22.3.2023 20:14:00 EET | Press release
Incyte (Nasdaq:INCY) today announced that the U.S. Food and Drug Administration (FDA) has approved Zynyz™ (retifanlimab-dlwr), a humanized monoclonal antibody targeting programmed death receptor-1 (PD-1), for the treatment of adults with metastatic or recurrent locally advanced Merkel cell carcinoma (MCC). The Biologics License Application (BLA) for Zynyz for this indication has been approved under accelerated approval by the U.S. FDA based on tumor response rate and duration of response (DOR). Continued approval of Zynyz for this indication may be contingent on verification and description of clinical benefit in confirmatory trials. MCC is a rare and aggressive type of skin cancer that frequently appears as a single, painless, reddish-purple skin nodule on the head, neck and arms in skin exposed to sunlight1. MCC tends to grow quickly and has a high rate of metastatic disease, leading to a poor prognosis2,3. The estimated five-year overall survival (OS) rate is 14% in patients with MC
Mary Kay Highlights the Importance of Women’s Leadership and Private Sector Engagement in Conservation at the World Ocean Summit 2023 Hosted by Economist Impact22.3.2023 19:02:00 EET | Press release
Mary Kay Inc., a global advocate for corporate sustainability and signatory to the UN Global Compact Sustainable Ocean Principles, continues to play an important role in ocean conservation. In February, the beauty brand launched a groundbreaking, user-friendly platform offering valuable guidance, decision-support tools, and practical knowledge for marine practitioners. Following the announcement, Mary Kay recently participated at the 10th World Ocean Summit and Expo 2023 in Lisbon, Portugal, organized by Economist Impact. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230322005544/en/ Sandra Silva, Mary Kay Portugal’s General Manager participates on a panel on the topic of "Putting Coral Reef Restoration at the Heart of Ocean Conservation Action" at the World Ocean Summit in Lisbon, Portugal (Credit: Mary Kay Inc.). The World Ocean Summit is an annual global event that brings together the widest cross-section of the ocean co
17 Innovators Highlight Investment to Solve Global Water Challenges22.3.2023 18:15:00 EET | Press release
Seventeen organizations have joined forces to support the United Nations (UN) Water Action Agenda, pledging to invest $11 billion in water innovation over the next five years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230322005481/en/ Innovators highlight investment to solve global water challenges (Photo: Business Wire) The collective commitment will be announced later today at an event organized by water technology company Xylem (NYSE: XYL) and the Kingdom of the Netherlands, convened during the UN 2023 Water Conference. The pledges will be included in the Water Action Agenda, a collection of all water-related commitments to accelerate progress on UN Sustainable Development Goal 6 targeting Water and Sanitation. Executives from Xylem, Veolia, XPV, Hydraloop International, and Hansgrohe will be joined by several nonprofit organizations, to pledge their commitment to invest in innovative water solutions. The funds will
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom