15 Oct '11, 3am

Singapore university seeks to break hold of credit-rating goliaths - Yahoo! via @yahoosg

* Does away with alphabetic ratings * Run on not-for-profit basis SINGAPORE, Oct 14 (Reuters) - In a small lab, tucked away in the depths of a Singapore university campus, a team of researchers and their computers calculate the credit ratings of about 50,000 companies. Relying just on public data and stock price movements for their analysis, the project's founder, professor Jin-Chuan Duan, is confident their system can provide a more reliable guide to a company's credit risks than the commercial rating agencies. A confident claim, but a growing number of the system's 800 users are banks and fund managers, utilizing it to help guide their own internal credit risk systems. "It offers a very transparent and objective approach to estimating the credit rating of companies," said Benjamin Wong, a senior risk analyst at a UK bank. "I'm not sure a single bank could do what they've...

Full article: http://sg.news.yahoo.com/singapore-university-seeks-break...

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