Covenant Review enables Trepp clients to better understand the risk for the loans underlying their CLOs with data not reported by the trustee.
NEW YORK (PRWEB) November 09, 2020
Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets announced today that it has integrated the Fitch Solutions’ Covenant Review Composite Documentation scores within the TreppCLO platform. Covenant Review’s Documentation Scores provide a measure of lender protections in leveraged loan credit agreements.
“Covenant Review enables our clients to better understand the risk for the loans underlying their CLOs with data not reported by the trustee,” said Andrew Jacobs, Trepp’s Head of Structured Products. “Covenant Review’s streamlined document scores represent an ideal value-add to our own intuitive CLO product,” Jacobs said.
Trepp will display Covenant Review’s Composite Scores in the TreppCLO web-based front-end product and database. The Covenant Review Composite Scores focus on three main areas of lender protection in loan documentation terms and conditions: collateral protection, default protection, and repricing optionality.
Steve Miller, Head of Fitch Solutions LevFin Intelligence, said: “We are excited to partner with Trepp. Providing Covenant Review’s market-leading Documentation Scores through the data-rich TreppCLO platform will enable participants to better analyze and assess the risk/return profile of CLO portfolios.”
The integration of Covenant Review within the TreppCLO database delivers the expertise of lawyers conducting detailed reviews on close to 1,300 broadly-syndicated loan (BSL) credit agreements across the United States and Europe. Trepp’s offering will give users the ability to access the loan documentation scores, view them in the context of the CLOs holding the loans, and use them as inputs for cashflow projections.
To learn more about the Trepp and Fitch Solutions Covenant Review integration, contact Trepp at email@example.com.
Trepp LLC, is the leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com.
About Covenant Review
Covenant Review, a Fitch Solutions service, is the credit market’s most trusted resource for bond and loan covenant analysis. Through a team of experienced lawyers, Covenant Review provides unparalleled insight into the indentures, credit agreements and contracts that determine creditor rights across bond and loan markets in the U.S. and Europe. The world’s leading asset managers, banks and law firms rely on Covenant Review’s timely research and industry leading data and benchmarks to navigate the covenant-lite landscape and beyond with clarity. Covenant Review is a Fitch Solutions service. Fitch Solutions is part of the Fitch Group. For more information, please visit http://www.covenantreview.com.
About Fitch Solutions
Fitch Solutions is a world leading provider of credit, debt market, and macro intelligence solutions, and the primary distributor of Fitch Ratings content. Today, 90% of the world’s leading banks and financial institutions, as well as multinational companies, government agencies, and consulting firms based across the globe depend on Fitch content to inform their business decisions. Fitch Solutions is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is wholly-owned by Hearst. For more information, please visit http://www.fitchsolutions.com.
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