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Bloomberg Rolls Out Daily Credit Risk Indicator Tool

Bloomberg has rolled out a daily credit risk indicator tool aimed at providing firms with early warnings on rating downgrades and defaults ahead of traditional analysis according to a story in The TRADE news. Known as Market-Implied Probability Default (MIPD), the indicator incorporates Bloomberg’s evaluated pricing (BVAL) to estimate fixed income market sentiment and reacts to changing market and issuer conditions. Bloomberg said MIPD, which is available to Enterprise Data and Bloomberg Terminal clients globally, was developed to help firms anticipate credit deterioration in order to identify risk, investment and trading opportunities. The launch of MIPD follows an expansion of credit risk datasets on Bloomberg Terminal in November to provide predictive models during volatile market conditions. Clients can use the expanded datasets to assess credit quality or risk of default of counterparties or companies.

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