SOURCE: CreditPointe, Inc.

January 24, 2008 10:19 ET

CreditPointe Announces the Launch of Its Credit Ratings and Models on Public Companies

Intent Is to Provide Objective, Timely and Comprehensive Assessment of Credit Risk in Public Companies Around the World

WESTWOOD, MA--(Marketwire - January 24, 2008) - CreditPointe, Inc. announced the launch of its credit ratings on public companies for institutional subscribers through its online portal. Starting with the U.S. Retail Sector, the company will initiate coverage of all public companies around the world over time. CreditPointe's credit rating service will also include in-depth fundamental financial models to allow analysts to conduct their own sensitivity analysis.

"Historically, there has always been an issue with timeliness and depth of coverage with the ratings issued by the major rating agencies. We intend to fill this significant void. CreditPointe's unique knowledge-based technology, credit rating algorithms and experienced analyst teams allow it to update its ratings within hours of a corporate action or other significant event," commented John LaRocca, SVP, Corporate Credit, at CreditPointe.

"We are very excited about this offering. The offering reflects over 20+ years of academic research in the area. Our rating process is substantially algorithmically driven based on a set of statistical models and adjusted based on the judgment of our experienced ratings team. Given our powerful knowledge-based technology, we are able to scale to cover all public companies in a very timely and cost effective manner," commented Dr. Venkat Srinivasan, the company's CEO.

CreditPointe's mission is to provide Capital markets, Corporations and Financial Institutions around the world with best-in-class credit risk ratings, fundamental financial models and associated products and services. In addition to its own analytical products, CreditPointe also provides custom services ranging from spreading private company financials to applying client-specific rating algorithms using its powerful technology platform. With its technology leverage, the company is able to offer order of magnitude improvement in quality and reduction in costs over current providers.

About CreditPointe, Inc.

CreditPointe, Inc. is a private company specializing in providing analytical products and services for investment analysis and credit risk assessment. An experienced team of industry veterans and experts led by Dr. Venkat Srinivasan launched CreditPointe, Inc. to address the growing need to provide capital market participants, corporations and financial institutions with timely, cost effective coverage of companies around the globe. CreditPointe is a subsidiary of Rage Holdings, LLC, a business incubator focused on incubating capital efficient, process-aware businesses. To learn more about CreditPointe, visit www.creditpointe.com.

Contact Information

  • Media Inquiries:
    John LaRocca
    CreditPointe, Inc.
    480-239-7375

    General Inquiries:
    Jim DeWaele
    CreditPointe, Inc.
    781-493-6923