Cognitive Credit Expands with New Leveraged Loan Datasets
Cognitive Credit Expands with New Leveraged Loan Datasets
Cognitive Credit, a leader in corporate credit data and analytics, has announced an exciting development with the launch of two new datasets focused on US and European leveraged loans. This strategic move significantly boosts its global credit issuer coverage, currently reaching over 2,600 issuers, with expectations to soar to more than 3,000 issuers within a year.
New Coverage for Credit Investors
With these newly introduced datasets, Cognitive Credit positions itself as the only company in the global financial data industry that provides institutional credit investors with structured data across investment-grade bonds, high-yield bonds, and leveraged loan markets, catering to both US and European markets. Clients have various options to access data, including through the Cognitive Credit web application, Excel add-in, or REST API.
In-depth Data for Leveraged Loans
The newly launched coverage universes of US and European leveraged loans comprise detailed financial models and document libraries for an initial selection of over 750 of the most liquid and commonly tracked names within global leveraged loan indices. These curated lists were developed in collaboration with prominent market participants from both the buy-side and sell-side of the leveraged loan space.
Growth of the Leveraged Loan Market
Over the past decade, the leveraged loan market has evolved into a critical segment of the global credit asset class. Currently, the US leveraged loan market measures over $1.4 trillion in notional outstanding, having more than doubled in size since 2010, outpacing even the US high-yield bond market. The European market has similarly experienced substantial growth, tripling within a comparable timeframe. However, it is important to note that recent trends have shown that leveraged loan default rates are now exceeding those of the high-yield bond market. This underscores the necessity for robust fundamental credit analysis by investors.
Leadership Insights
Sudha Sathiaseelan, Vice President of Data at Cognitive Credit, expressed the significance of this expansion at such a pivotal time for financial markets. As inflation trends in developed markets enter a phase of uncertainty, the availability of comprehensive leveraged loan coverage becomes increasingly vital. Sudha noted, "With potential increases in interest rate volatility, the demand from clients for fundamental data in the leveraged loan market has significantly surged. Our new datasets are designed to meet this demand, ensuring the same level of detail, accuracy, and immediacy that we provide across our data offerings."
Advancing Data Solutions
Robert Slater, Founder and CEO of Cognitive Credit, remarked on the strategic nature of this expansion. "As a top-tier provider of structured data for the investment-grade and high-yield bond markets, moving into leveraged loans was a natural progression for us. The addition of these datasets enables global credit investors to access vital data and analytics seamlessly across both bond and loan markets through a single, centralized platform, enhancing efficiency and automation in their investment approaches moving forward."
Cutting-Edge Technology for Data Delivery
The leveraged loan coverage complements Cognitive Credit’s existing licenses for high-yield and investment-grade bonds across US and European markets. All data provided by Cognitive Credit is generated using proprietary machine-reading technology, which structures financial reports and corporate disclosures into dynamic credit models. These models are updated within just 15 minutes of a release, ensuring institutional credit investors have fast, accurate, and transparent data at their fingertips.
About Cognitive Credit
Cognitive Credit specializes in providing premier credit investors with advanced data and analytics to facilitate informed and timely credit assessments. With the capability to deliver detailed credit models that are automatically updated within minutes of earnings releases, along with workflow tools to enhance productivity, they empower teams to generate actionable investment ideas more efficiently than ever. Notably, 100% of the top 10 global investment banks, along with asset managers overseeing over $15 trillion in assets under management, rely on the precision of Cognitive Credit's data daily.
Frequently Asked Questions
What is the primary focus of Cognitive Credit's new dataset?
The new datasets focus on US and European leveraged loans, enhancing the coverage available to institutional investors.
How does Cognitive Credit ensure data accuracy?
Data is generated through proprietary machine-reading technology, which updates financial models within 15 minutes of reports being released.
Who are the primary users of Cognitive Credit's services?
Primary users include top global investment banks and asset managers, with many trusting Cognitive Credit data for their daily operations.
What are the expected growth prospects for the leveraged loan market?
The leveraged loan market is expected to maintain its rapid growth, especially with evolving investor needs and market conditions.
How can clients access Cognitive Credit's data?
Clients can access data via the Cognitive Credit web application, Excel add-in, or REST API, ensuring flexible integration into their existing systems.
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