Bloomberg Introduces Market-Driven Creditworthiness Indicator

Bloomberg, the leading provider of global business and financial information, announced that it has launched Market-Implied Probability of Default (MIPD), a market-driven daily credit risk indicator for both Enterprise Data and Bloomberg Terminal clients globally.

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MIPD provides clients with a highly responsive, transparent, daily credit risk assessment that incorporates data from BVAL, Bloomberg’s best-in-class evaluated pricing service, to proactively estimate fixed income market sentiment and quickly react to changing market and issuer-level conditions.

This solution helps anticipate credit deterioration such as major rating downgrades and defaults ahead of traditional credit analysis, allowing clients to confidently make risk and investment decisions.

The solution includes implied probability of default for over 36,000 issuers and multiple sectors across the term structure from 1 to 20 years.

“By quantifying market sentiment underpinned by BVAL’s rich data sets, MIPD provides a powerful early warning creditworthiness assessment for a wide range of issuers across the curve that can help investors navigate changing market conditions, including both issuer-specific news as well as market-wide events,”said Brad Foster, Global Head of Enterprise Data Content at Bloomberg.