Company Credit Rating

Perry Mattern - perry.mattern@matterncapital.com - $3,840

"I would like to request the credit rating for each of the companies in the database be added as a searchable metric. As an intrinsic value manager, the debt rating is a very important indicator over and above simply having the debt outstanding, etc. The quality of the credit will directly impact the capital structure and profitability in many ways over the complete cycle. For example, almost all fixed income managers have a minimum credit rating requirement mandated by prospectus or investment strategy. In the event of a downgrade, fixed income holdings are forced to be sold, not because the manager necessarily wants to sell, but is mandated to sell. This price pressure then can lead to further confidence erosion and increased borrowing costs for the company, altering the cost of capital and changing the profitability of the company. Adding the Moody’s or S&P credit ratings would be very valuable to your subscribers."