A leading European savings and retirement services group chooses S&P Global for risk assessments of Private Credit

Credit analysts from S&P Global Market Intelligence have partnered with client’s senior analysts and operational teams to execute the credit risk assessments. An initial kick off meeting was organized and followed by knowledge exchange sessions, which ensured a thorough understanding of the client’s objectives, credit risk policy, and assessment processes.

The S&P Global specialists have undertaken following tasks amongst others, throughout the project:

• Compiled the borrower information in proprietary Scorecards from S&P Global Market Intelligence to calculate risk scores and estimate likelihood of default.
• Used company and facility specific information to calculate Loss Given Default for the transactions.
• Created new and updated existing or credit memorandum for each transaction, including the narrative around a borrower’s operational and financial strengths, risks, and mitigants as well as a credit opinion on their outlook.
• Submitted the credit file for timely review and approval by the Credit Committee.

The project enabled client to complete the reviews in timely manner and ahead of the initial expectations. The credit risk team was also able to focus on quality assurance, strategic decision making and resource planning for their corporate objectives. Client’s senior analytical experts provided very feedback throughout the engagement, some of the comments from the senior credit risk team include:

“Really great work on this one which looks an interesting case and great initiative in sourcing the latest financials and leveraging those. The risk mitigant section was also really clear and easy to follow.”

“Thanks for the documents and we did not expect to receive them yesterday due to your public holiday, so your sending is highly appreciated.”

“Thanks and congrats to your good work on your “initial” initial review”