Moody's Analytics, a branch of Moody's Investors Service, announced the release of an enhanced RiskCalc Plus model that includes coverage of non-profit hospitals and other non-profit sectors.
RiskCalc Plus is a credit tool that produces forward-looking default probabilities by combining financial statement and equity market information. This creates a predictive measure of standalone credit risk.
RiskCalc Plus US 4.0 incorporates the non-profit hospital sector's unique accounting standards as well the latest default data from the 2008 financial crisis. "RiskCalc 4.0 gives credit analysts a way to better assess the risk for [non-profit] institutions who have an increasing need to access capital due to decreased funding," said Jodi Alperstein, managing director of product management for Moody's Analytics Enterprise Risk Solutions, in a news release.
The model's predictive analytics are based on Moody's Analytics Credit Research Database. The CRD contains 43 million financial statements on 10.2 million different organizations.
RiskCalc Plus is a credit tool that produces forward-looking default probabilities by combining financial statement and equity market information. This creates a predictive measure of standalone credit risk.
RiskCalc Plus US 4.0 incorporates the non-profit hospital sector's unique accounting standards as well the latest default data from the 2008 financial crisis. "RiskCalc 4.0 gives credit analysts a way to better assess the risk for [non-profit] institutions who have an increasing need to access capital due to decreased funding," said Jodi Alperstein, managing director of product management for Moody's Analytics Enterprise Risk Solutions, in a news release.
The model's predictive analytics are based on Moody's Analytics Credit Research Database. The CRD contains 43 million financial statements on 10.2 million different organizations.
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