SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the availability of Fitch credit ratings to its popular managed data service SVC. Fitch Solutions is a leading provider of credit market data, analytical tools, and risk services.
Fitch Solutions has joined forces with SS&C to offer direct access to Fitch credit ratings covering the corporate finance, structured finance and public finance sectors. This includes 9,000 active issuers including 3,500 bank ratings and 42,000 active issues across 25 ratings types. Fitch’s credit ratings data can be embedded within SS&C’s portfolio management platforms worldwide.
“Adding Fitch credit ratings to SVC, our managed data service, has furthered our ability to offer our clients a one stop solution to manage credit risk,” said Christy Bremner, SVP, Institutional and Investment Management, SS&C Technologies. “This partnership provides a seamless experience for our clients via an integrated, custom, and managed solution.”
Fitch’s ratings are now available alongside streams of financial information from leading, independent data sources gathered by SS&C. Investment firms have recognized the collection and management of market data is complex and time consuming. More and more businesses are turning to an outsourced service, such as SS&C’s managed data service, to manage the end-to-end process. SS&C’s managed data service coverage includes security master, pricing services, corporate actions, and supporting financial data.
“We are excited to partner with SS&C Technologies to offer Fitch credit ratings and the world’s largest universe of bank ratings to their clients,” said Brian Filanowski, Global Head of Product Development, Fitch Solutions. “Our data is delivered to SS&C’s managed data service on a daily basis allowing the end-user to stay abreast of rating changes. This, coupled with an unparalleled data consistency, provides an objective assessment of an entity’s creditworthiness and serves as an important risk indicator.