Investors can now perform credit research and monitoring for the 'high yield' charter school sector on the MuniCREDIT platform.
ROSELAND, N.J. (PRWEB) November 02, 2022
DPC DATA (DPCDATA.com) a leading provider of data and technology solutions for the U.S. municipal bond market, announced the integration of comprehensive financial and operating data for the Charter School sector into its municipal financial data services. The data are developed by School Improvement Partnership (SIP), a leading provider of analytical resources and continuing disclosure services for charter school investors and operators.
The new dataset comes in response to strong demand from DPC’s clients for coverage of key “high yield” municipal sectors, in addition to the 24,000+ obligors already included in the company’s MuniCREDIT Solutions.
“We typically develop our own financial database and have done so for all the major sectors of the tax-exempt market. We made an exception in this case based on SIP’s strong reputation within the charter school industry and the comprehensiveness of its database,” said Ken Hoffman, DPC DATA President.
School Improvement Partnership President Alan Wohlstetter noted, “with the charter school bond market having record issuance in each of the past two years, there is growing interest in the underlying credit metrics of charter schools and charter management organizations. Having digitized and normalized the audited financial statements of charter school borrowers, School Improvement Partnership is partnering with DPC DATA to allow subscribers to have up-to-date data in a consistent format that facilitates monitoring and fair valuation of these high-yield muni credits.”
The charter school data will include financial, academic, and operating metrics on charter school borrowers and CMOs that have accessed the high-yield muni markets. The financial data include 100 data points that are normalized across accounting standards and continually updated.
This data will be available as a stand-alone data feed as well as an add-on component of MuniCREDIT Onlin e, DPC’s new web-based financial data lookup application. In either case, DPC’s ground-breaking MuniCREDIT Mapping methodology enables direct mapping of all data points to municipal obligors and bond issues at the individual Cusip-9 level.
“The new Charter School dataset is a great companion to our existing Senior Living sector coverage. Investors can now perform credit research and credit monitoring for arguably the two most credit-sensitive sectors of the municipal market, all on the same platform,” pointed out Triet Nguyen, DPC DATA Vice President of Strategic Data Operations. The integration of SIP data will be completed in Q4 2022. For a demo, please contact Sales@DPCDATA.com or 201.346.0701.
About DPC DATA
DPC DATA has served the municipal bond marketplace with disclosure information and solutions since 1992. The company was a pioneer in developing solutions for the municipal securities lifecycle. It was one of the original SEC-designated Nationally Recognized Municipal Securities Information Repositories (NRMSIRs). Today, DPC DATA helps clients who sell or manage fixed income products get the scrubbed, accurate, and actionable data they need, in streamlined workflows, so that they can manage risk, improve productivity, sell more, and avoid regulatory penalties.
DPC DATA products are used by more than 100,000 professionals at leading brokerage, clearing, and advisory firms. For more information visit http://www.DPCDATA.com or email Sales@DPCDATA.com
About School Improvement Partnership
School Improvement Partnership focuses on data transparency in the charter school bond sector. The School Improvement Partnership Database provides financial, academic, and operating data metrics for every charter school – and every charter school borrower – in the country. The financial data includes 100 data points that are normalized across accounting standards and are continually updated. As Dissemination Agent, School Improvement Partnership currently performs annual and quarterly reporting on over $1 billion of charter school bonds, leveraging the SIP Database to make compliance easier for charter school borrowers.
For more information, please visit https://schoolimprovementpartnership.net/