Moody’s KMV launches Chinese RiskAnalyst

Moody’s KMV, a provider of credit risk measurement solutions, has launched a Chinese version of RiskAnalyst, a platform that allows institutions to make lending decisions using internal ratings and analysis of financial statement data based on local accounting standards.

RiskAnalyst is a system that allows both financial institutions and corporates to meet their credit risk assessment goals based on Basel II regulatory requirements and internal policies. The system includes templates for standardising analysis of financial results across differing local accounting practices, ensuring compliance with the International Financial Reporting Standards (IFRS) and internal rating assessment for lending.

"Chinese banks and corporations are setting strict internal credit rating practices to move towards common standards applied in increasingly global markets,” said Andrew Huddart, president of Moody’s KMV. He added that RiskAnalyst offers the first simplified Chinese-language tool backed by analytics of Moody’s KMV, and it ensures firms in China can accurately and consistently make good credit decisions.

China uses simplified Chinese characters, as opposed to traditional Chinese, which is used in Taiwan. RiskAnalyst was introduced in 2003 and a French version was launched in November 2005.