CHICAGO, Dec. 16, 2010 /PRNewswire/ -- Morningstar, Inc.
(Nasdaq: MORN), a leading provider of independent investment
research, has launched a new credit research module of its
Morningstar® Analyst Research Center(SM), a web-based
research portal for financial advisors and other investment
professionals.
The new module provides access to Morningstar's credit reports
and ratings on approximately 700 global corporate credit issuers,
drawing upon the work of the company's more than 100 credit and
equity analysts. The module also includes:
- Credit reports that provide overviews of a company's
creditworthiness, including forward-looking risk measures
derived from Morningstar analysts' five-year cash flow
projections;
- "Highlighted Issuer" reports, which evaluate the outstanding
bonds from a single corporate credit issuer and provide detailed
analysis on specific bond issues Morningstar's credit research team
finds attractive and others to avoid;
- "Issuer News and Notes" which address recent ratings changes
Morningstar has made, along with Morningstar's take on
macro-economic trends in the credit investing landscape. The
reports review new bond issuances and explore the credit
implications of corporate actions such as share repurchases,
M&A activity and spin-offs.
"More and more investors are asking their financial advisors for
information about fixed-income investments, and now Morningstar
provides independent analysis of a corporate bond or issuer's
creditworthiness," said Haywood
Kelly, senior vice president of securities research for
Morningstar. "Our new Analyst Research Center module provides a
comprehensive solution for advisors to help guide investors'
corporate bond investment decisions."
Morningstar rates and analyzes corporate credit from an
objective point of view that's completely independent of debt
issuers. Morningstar credit analysts use a consistent approach
built on a transparent methodology of four core qualitative and
quantitative metrics: business risk, Morningstar® Cash Flow
Cushion™, Morningstar® Solvency Score™, and distance to default.
Unlike other ratings agencies, Morningstar also identifies bonds
its analysts believe may warrant a closer look.
The Morningstar Analyst Research Center provides broker/dealers
and other firms with convenient, web-based access to Morningstar's
suite of research and ratings. In addition to credit research, the
portal also includes research for stocks, mutual funds,
exchange-traded funds, and initial public offerings. Independent
advisors can subscribe to Morningstar's research for any of the
investment types they choose. Firms may also purchase
enterprise-wide licenses for the portal. The credit ratings and
reports from the Analyst Research Center will also be available as
a module to Morningstar® Advisor Workstation(SM) during
2011.
The launch of the new credit research module coincides with the
one-year anniversary of the initiation of Morningstar's corporate
credit ratings, which began with ratings of 100 firms and has grown
nearly seven-fold over the past year. Morningstar's credit research
team has published a report summarizing the first year's key
learnings and trends, along with their recommendations on issuances
from firms that our analysts find attractive and analysis on ones
that are at increased default risk. The report can be found here:
http://global.morningstar.com/creditratings2010report.
For more information about the new module or the Analyst
Research Center, please visit https://arc.morningstar.com or call
1-866-817-0811.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment research in North
America, Europe,
Australia, and Asia. The company offers an extensive line of
Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar
provides data on approximately 370,000 investment offerings,
including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 4 million equities,
indexes, futures, options, commodities, and precious metals, in
addition to foreign exchange and Treasury markets. The company has
operations in 26 countries.
Media Contact:
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Shawn Malayter
312-696-6050, shawn.malayter@morningstar.com
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©2010 Morningstar, Inc. All rights reserved.
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SOURCE Morningstar, Inc.