More NewsMoody’s and Korea Information Service to Develop Credit Risk Assessment Model Tailored to Korean Private Firms

Moody's and Korea Information Service to Develop Credit Risk Assessment Model Tailored to Korean Private Firms

As part of a continuing effort to develop global models-based credit evaluation for private commercial companies globally, Moody’s Risk Management Services (MRMS) has announced a joint project with Korea Information Service to extend these models’ coverage to include Korean private companies. The resulting model, RiskCalc Korea, will form a universally recognized standard for credit risk assessment of Korean companies. Banks will benefit from the increased liquidity of private firm debt portfolios and from having a cost-effective supplement to existing credit underwriting, risk control and reporting processes. RiskCalc Korea, will be the first such model to account for Korea’s unique tax laws, accounting laws, and economic structure. It also will mark the first time that banks and a rating agency have teamed up for such a purpose in Korea.

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