NEW YORK--(BUSINESS WIRE)--
Moody's Analytics announced today that it has partnered with
Andrew Kalotay Associates and eMBS Inc. to add daily pricing of
fixed-rate mortgage backed securities (MBS) to CreditValues, Moody's
fixed-income pricing service. The agreement will allow Moody's to
enhance CreditValues by offering end-of-day MBS pricing, including 4PM
pricing to support mutual funds in their calculation of daily net
asset value, and related analytics based on Kalotay's fixed-income
analytical capabilities and eMBS's extensive securities database.
CreditValues represents a master database for an extensive
universe of fixed-income securities, offering modeled, evaluated and
observed prices using Moody's analytic engines, price discovery tools,
and pricing data contributed by a number of major institutional
investors. Through this product, Moody's helps market participants
better assess the trading prices and intrinsic values for complex debt
securities.
With the addition of the MBS valuations, Moody's CreditValues
suite will provide end-of-day and 4PM prices for over 2.5 million
fixed-income securities.
"Our goal for CreditValues is to offer high quality pricing
capabilities across a wide range of asset classes," said Eric
Kolchinsky, Team Managing Director at Moody's Analytics. "The
inclusion of MBS prices and related data makes Moody's fixed income
securities pricing platform relevant to more customers, demonstrating
our commitment to building tools that contribute to greater
transparency in the fixed income market."
"The addition of our advanced fixed income analytics to Moody's
pricing platform will help investment professionals price their
portfolios with greater accuracy, especially for hard-to-value
securities such as agency MBS," said Andrew Kalotay, chief executive
officer of Kalotay Associates. "In this period of extreme turbulence
in the credit markets, our extensive data set on agency mortgage
securities enables us to work with Moody's to offer a superior pricing
service in this challenging asset class," added Larry Gioia, president
of eMBS.
For more information, contact the Moody's Client Service Desk at
212-553-1653 or visit www.moodys.com/creditvalues.
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), which reported
revenue of $2.3 billion in 2007, employs approximately 3,500 people
worldwide and maintains a presence in 29 countries. Additional
information about the company is available at www.moodys.com. Certain
Moody's CreditValues products and services are provided by Moody's
Evaluations Inc., a registered investment adviser.
Source: Moody's Analytics