Costa Mesa, Calif., and New York, N.Y., April 26, 2010 — Experian®, the global information services company, and Moody's Analytics™, a leader in economic forecasting and credit risk management, today announced a strategic alliance that will bring financial institutions unique, unparalleled products for managing consumer loan portfolios. As the first effort out of this alliance, Experian and Moody's Analytics are announcing Moody's CreditCycle™ Plus, which is designed to enhance strategic and tactical planning by providing advanced loss-forecasting and stress-testing capabilities.
“We're delighted to combine efforts with Moody's Analytics,” said Gary Kearns, president of Experian Decision Analytics. “By bringing Experian's credit risk modeling and analytics expertise, consumer credit insights and extensive data assets together with Moody's Analytics' consumer credit forecasting and macro and regional economic expertise, we can offer sophisticated loss-forecasting and stress-testing tools. These tools can help organizations respond to and manage market volatility, address high-risk segments within an existing portfolio and maximize strategic growth through advanced asset class selection.”
Moody's CreditCycle Plus will allow financial institutions to easily access Experian's consumer loan data and integrate it with Moody's Analytics' macroeconomic data to analyze the future performance of their own portfolio under a variety of economic scenarios. Building on the success of Moody's CreditCycle, Moody's CreditCycle Plus adds Experian's proprietary benchmarking service and data, providing financial institutions with superior forecasting and insight into the lending practices of their peers.
“The tough economic environment has highlighted the need for financial institutions to systematically assess and quantify how their lending decisions, as well as economic conditions, will impact bottom-line performance,” said Paul Getman, executive director of Moody's Analytics. “Accurate assessment of the probability of default, and its associated losses, is critical to the effective allocation of risk, assessment of liquidity and capital requirements, identification of hidden risks in the portfolio and strategic planning for future growth. The combined power of Experian and Moody's Analytics will allow us to deliver robust products which address this market need.”
About Moody's Analytics
Moody's Analytics is a leading provider of research, data, analytic tools and related services to debt capital markets and credit risk management professionals worldwide. The company's products and services provide the means to assess and manage the credit risk of individual exposures as well as portfolios; price and value holdings of debt instruments; analyze macroeconomic trends; and enhance customers' risk management skills and practices. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO - News), which reported revenue of $1.8 billion in 2009, employs approximately 4,000 people worldwide and maintains a presence in 27 countries. Additional information about the company is available at www.moodys.com.
Experian Public Relations
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Moody's Analytics Communications
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Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2009, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.