Credit & Risk
Navigate today’s complex global financial markets with definitive risk intelligence. Our unrivaled credit, market and operational risk insights help you discover the full picture about your customers, suppliers, counterparties, and investments.
Seeing risk clearly. It's your superpower.
We provide definitive risk intelligence, from our invaluable credit experience to unrivaled market and operational risk insights. With this Essential Intelligence, you can make decisions with conviction to transform uncertainty into action.
The need for robust credit and risk management solutions has never been greater
Assessing credit risk was once the domain of financial services firms, now it’s essential for all businesses looking for credit worthy counterparties. Financial risk analytics remains one of the most complex market segments and needs are expanding as climate, cyber security, geopolitical events and other concerns take hold.
Our industry leading suite of integrated solutions offers comprehensive support for credit risk assessment, operational and enterprise risk management, due diligence and regulatory compliance.
Credit Ratings
Today, investors have access to more information than ever before as markets become digitized and interconnected. Markets function best when investors of every type — from individual to institutional — draw on a wide variety of information to make educated, better-informed investment choices. Our mission is to provide high-quality, objective and independent analytical information to the marketplace. S&P Global Ratings is the world's leading provider of credit ratings. We have more than 1 million credit ratings outstanding on government, corporate, financial sector, and structured finance entities. We deliver global perspective with local insight, with coverage on 128 countries, our opinions and risk measurement are rooted in our experience and scale.
Issuer Credit Ratings
S&P Credit Ratings’ Issuer Credit Rating provides you with an independent opinion of your organization's overall creditworthiness and financial strength. It can be used as an information tool for capital markets participants and your organization's counterparties-banks, clients, suppliers, joint-venture partners, brokers, government agencies — even landlords.
Issue Credit Ratings
An Issue Credit Rating takes into consideration the creditworthiness of guarantors, insurers, or other forms of credit enhancement on the obligation as well as the currency in which the obligation is denominated. The opinion reflects our view of the obligor's capacity and willingness to meet its financial commitments as they come due, and may assess terms, such as collateral security and subordination, which could affect ultimate payment in the event of default.
Ratings360
Ratings360® provides rated issuers with a holistic picture of their organization’s credit story ratings, risk research and critical insights on one personalized dashboard.
Rating Evaluation Services
An analytical tool for rated or unrated entities that are considering strategic or financial initiatives that could impact their creditworthiness. At the request of a rated or unrated entity, we will provide feedback on the potential indicative ratings of the hypothetical scenarios presented by the entity. RES is typically used to evaluate the impact of restructurings, mergers & acquisitions, divestitures, or material changes in debt or capital structure.
Market Risk
Navigate complexity with confidence. With sophisticated technology powered by cloud computing and big data you can monitor market volatility, conduct stress tests and identify potential risk exposures.
XVA
XVA from S&P Global delivers deal-time insights to the front office XVA desk with a comprehensive view of the valuation adjustments arising from counterparty credit risk, funding, collateral, and regulatory capital.
Traded Market Risk
Future proof your market risk capabilities with our multi award winning Traded Market Risk management solution. Extend full revaluation of value at risk & stress testing into FRTB compliance with full support for the standard approach (SA) & internal model approach (IMA).
Buy Side Risk Management Solution
Buy Side Risk management solution from S&P Global incorporates Value at Risk (VaR), an efficient simulation engine, multiple decision support tools like Stress Testing, Back Testing and ‘What-if’ Scenarios. Available as a cloud service, we can help reduce your total cost of ownership and free up your internal resources to focus on your business priorities.
Economic and Country Risk
With comprehensive and consistent data, economic and risk forecasting models, granular country and sovereign risk assessments, comparative industry forecasts, commodity prices, and unmatched experience, we enable customers to identify and optimize opportunities, mitigate risks, and solve problems across the globe.
Credit Risk
Measure, monitor, and manage the credit risk of rated and unrated, public and private companies, of all sizes, worldwide, with an unbeatable combination of powerful analytics, robust data, unparalleled insights, and leading-edge technology that integrates AI in a meaningful way.
RatingsDirect
All the credit ratings data and insights you need on a powerful platform with a faster, reimagined user experience. Get a comprehensive view of credit risk with RatingsDirect®.
Credit Analytics
Reliably score and efficiently monitor your current and potential risk exposure to rated and unrated, public, and private companies across the globe with sophisticated models powered by robust data.
RiskGauge™ Desktop
Assessing your credit risk exposure to SMEs and private companies can be challenging and time consuming due to differing filing obligations, and inconsistent timeliness, availability and quality of data. RiskGauge Reports can streamline your counterparty credit risk assessment with comprehensive business credit reports for over 50 million companies, worldwide.
China Credit Analytics
Your one-stop for advanced credit insights on Chinese public and private companies, bond issuers, and government-related entities (GREs).
RatingsXpress™
Streamlined delivery of S&P Global Ratings data. Enhance your analysis with RatingsXpress®, one of the industry’s largest databases of current and historical credit ratings.
Credit Assessment Scorecards
Combine qualitative and quantitative drivers to identify and manage potential default risks of private, publicly-traded, rated, and unrated companies and government entities, across a wide range of sectors.
The answer to your end-to-end supplier risk management challenges
Understand Supplier Financial Health
Assess the financial strength for every single supplier by generating an aggregate credit score based on fundamentals and market-driven analytical models from Credit Analytics.
Automate the Supplier Risk Process
Access the correct information and evidence for global and local suppliers, including private companies, and seamlessly onboard your entire supplier population via our best practice Supplier Risk Management solution KY3P.
Monitor Supplier Strength
Easily monitor your supplier performance with tailored alerts providing early warning signals of significant deterioration in financial health scores provided with Credit Analytics and automated via KY3P.
Remediate Issues Quickly
Streamline and solve risk challenges outside of your core business with Managed Services that provide full life cycle support for the entire third-party risk management process.
S&P Global’s comprehensive approach to navigating climate risk challenges
Get a clearer view of your exposure with our latest generation climate models, geospatial data, ownership mapping and vulnerability pathways, and actionable financial impact analysis.
Science-based Methodology
Robust methodology leverages the latest available climate change models (CMIP6).
Financial Impact Assessment
Proprietary impact functions model the vulnerability of >250 unique asset types to the financial consequences of climate change hazards.
8 Climate Change Hazards
Consistent global coverage of eight key hazards: coastal flood, fluvial flood, extreme heat, extreme cold, tropical cyclone, wildfire, water stress, and drought.
Point-in-time Exposure
Physical risk scores represent point-in-time exposure to climate hazards.
3.1M+ Asset Locations
Built on a proprietary database of over 3.1 million asset locations linked to corporate entities and ultimate parent entities.
98% of Global Market Cap
Coverage of more than 20,000 companies representing over 98% of global market capitalization.
Our Climate Risk Solutions
Geopolitical Risk Intelligence Solutions
Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. We help companies anticipate and quantify critical external strategic business risks that might adversely impact their investments, personnel, interests, and assets anywhere in the world. Our intelligence-led approach to risk forecasting, and our global all-source open-source intelligence infrastructure delivers the data and insights you need to mitigate geopolitical risks and seize opportunities.
Country Insights
Risk Quantification
Scenarios and Monitoring
Visionaries Shaping Credit & Risk
S&P Global
Lynn Maxwell
Global Head of Strategic Client Engagement
Lynn is the Global Head, Strategic Client Engagement in the Chief Client Office of S&P Global. She is responsible for establishing and leading S&P Global’s strategic client engagement team to curate theme-based, cross-divisional insights narratives, executive client engagement and go-to-market motions for multi-product adoption and commercial growth. Her team also manages collaboration with influential industry organisations.
Lynn was previously the Chief Commercial Officer for S&P Global Ratings. She led the global relationship management, business origination, commercial strategy, marketing, product and commercial operations teams. Her teams focused on providing high quality customer coverage and product development services for ratings and non-ratings credit products, including sustainability and credit analysis products, data and models.
Before joining S&P, Lynn spent 20 years in debt capital markets as MD, Global Head of Structured Finance Strategy and Global Head of Securitisation at HSBC and EMEA Head of Flow Securitisation at BNP Paribas. Prior to her banking career, Lynn was a finance law solicitor at Clifford Chance in London.
Lynn is a regular contributor on panels and industry working groups on capital markets topics and sustainable finance. She is a past member of ICMA’s Sustainability Advisory Committee and working group on green securitisation, past Chair of AFME’s Securitisation Board and a Trustee of 1001fontaines UK, a clean drinking water charity operating in emerging markets. Lynn was selected as Financial News’ 100 Most Influential Women in European Finance 2023.
Lynn is a Canadian and English qualified lawyer and practiced law at Clifford Chance, London and Stikeman, Elliott, Toronto/Budapest. Lynn holds a B.A. (Hons, Political Science, McGill University), LL.B. (U of Western Ontario) and a D.E.A. (Droit Public, Paris II Panthéon-Sorbonne).
S&P Global Market Intelligence
Jenny Paurys
Senior Vice President, Global Intelligence and Analytics business
Global Intelligence & Analytics specializes in supply chain, maritime, risk, and economic insights and data. It leverages more than 600 recognized experts to provide strategic sourcing and procurement solutions for supply chain professionals; trade, shipping, ports, vessel tracking, and importer/exporter data analytics; detailed economic, trade, industry, and country-level forecasts; evaluations of risks for a wide range of perils; and advisory services spanning all capabilities.
Jenny has driven client value at S&P Global for two decades through a wide range of analytic and leadership roles in the United States and United Kingdom. She has built and run products and teams across all regions of the world, specializing in solutions that integrate proprietary data, event analysis, and qualitative insights to provide customers a holistic understanding of the markets in which they operate.
An Honors Graduate from the University of Iowa, Jenny is also the published author of several books. She is based in London.
S&P Global Sustainable1
Matthieu Bardout
S&P Global Energy Horizons
Global Head of Segment Solutions
Matthieu is an expert in sustainable finance with an international track record advising financial institutions, corporates and government organizations. At S&P Global Sustainable 1, he leads ESG strategy for banking and insurance segments. In that role, he interfaces between S&P Global’s clients, commercial and product teams to implement pioneering ESG and climate strategies.
Prior to joining S&P Global, Matthieu launched a commercial spinoff for the 2 Degrees Investing Initiative to provide asset-level data for climate-related financial analysis. Previously he worked for Circle Economy where he led a program on circular finance, for Ecofys (now part of Guidehouse consulting) where he specialized in climate policy, and for Coffey Geotechnics as an engineering geophysicist.
Matthieu holds Master’s degrees in Sustainable Development from Utrecht University and Geophysics from Imperial College London.
S&P Global Market Intelligence
Clemens Thym
S&P Global Market Intelligence
Head of Credit Solutions
Clemens Thym leads the Credit Solutions business that develops desktop, feed and API platforms such as the flagship RatingsDirect® and RatingsXpress ® products which distribute S&P Global Ratings data and research to investors, investment and commercial banks, insurance, non-financial corporates, and a range of government and other entities. He leads the product, content, operations, and market development teams.
Prior to that he was the Chief Operating Officer for China, responsible for setting up the domestic operations for S&P Global’s China market entry, including domestic ratings, market intelligence , finance, people, technology and PMO functions, and drive integrated execution of the SPGI China strategy and business plans, steward strategic partnerships, and market development.
Previously, Clemens held various roles in APAC and Europe to grow the businesses of Risk Solutions, Capital IQ, Credit Solutions and Risk Services in analytical, consulting, product management, and commercial capacities.
Clemens holds a Masters in International Economics and Finance of the University of Innsbruck (Austria).
S&P Global Market Intelligence
Andrea Caruso
S&P Global Market Intelligence
HEAD OF CREDIT ANALYTICS
Andrea Caruso leads the Global Credit Analytics business, encompassing Product, Analytical Development, and Market Development.
Andrea has been with S&P Global Market Intelligence since 2011 and has held several global leadership roles, including launching RatingsDirect® on Pro, defining the strategy, starting up and growing the Credit Analytics business, and contributing to key corporate strategic initiatives such as SME and China Growth.
Before S&P Global Market Intelligence, Andrea spent five years at the Corporate Executive Board (now Gartner), building the Web and Product Development function and the digital distribution and engagement strategy for the Sales, Marketing, and Financial Service Practices.
Andrea’s has over 20 years of industry experience in Business Strategy, Product Management and Engineering, including at America Online (AOL), O2 UK, Roland Berger and Partners, and Technip Italy.
S&P Global Market Intelligence
Whit McGraw
S&P Global
Senior Vice President, Head of Risk & Valuations Services
Whit leads Risk & Valuations Services a business unit within Market Intelligence (MI), that focuses on powering global risk markets by bringing together differentiated data, valuations, analytics and deep market expertise. In this role, Whit is responsible for the P/L of the business, including the growth and market strategy, operational execution and delivery of the financial plan. He is a member of the divisional operating and risk committees. More recently, Whit also led the global Credit &Risk Solutions group and the expansion of the growth-focused Credit Analytics and Credit Solutions businesses.
He has 25 years of industry experience focused primarily in the capital and commodity markets. Prior to joining Market Intelligence, he worked on the Corporate Strategy and M&A team at Cargill, a global commodity and energy company based in Minneapolis. In this role, he split his time between leading M&A transactions and internal strategy projects both at the corporate and business unit level. Additionally, he served as a Vice President in the Institutional Equity Derivatives group at Morgan Stanley in London and New York.
Whit holds a B.A. degree in Economics from Hamilton College and an MBA from the Darden Business School at University of Virginia. He currently serves as a member of The University of Virginia’s Darden School of Business Corporate Advisory Board and chairs the Corporate Engagement Committee. He also a member of the Development Committee for the Brunswick School in Greenwich, Connecticut.
S&P Global Market Intelligence
Michelle Cheong
S&P Global Market Intelligence
Head of Thought Leadership, Credit Solutions
Michelle P Cheong is Head of Thought Leadership for Credit Solutions at S&P Global Market Intelligence, where she leads the development of global thought leadership for credit risk. She has previously led product development for RatingsXpress, as well as business development and product management in S&P Global. Prior to S&P Global Market Intelligence, Michelle spent her career as a Portfolio Manager at Barclays Global Investors, State Street Global Advisors and Goldman Sachs Asset Management, with responsibility of AUM up to USD 1bn; specialising in alpha, portfolio construction and risk research. Michelle holds a Bachelor's degree in Mathematics and Economics (with Distinction) and a Master's degree in Operations Research and Industrial Engineering from Cornell University, and completed the All But Dissertation at the Ph.D. program in Finance at Nanyang Business School, Singapore. Michelle offers a unique combination of practitioner and research expertise to the world of credit risk.
S&P Global Market Intelligence
Giorgio Baldassarri
Global Head, Analytical Development Group
Giorgio leads the Analytical Development Group, part of S&P Global Market Intelligence’s Credit Risk Solutions. His team includes highly-skilled individuals with multiple qualifications in the financial and quantitative space (FRM, CFA, PhD) and develops all credit risk statistical models that power the Credit Analytics product.
Giorgio’s team developed several statistical models to assess credit risk of public and private companies, more recently including a trade-payment model that was used to succesfully monitor payment behaviour of SMEs during the 2020 pandemic.
On the climate-change front, Giorgio’s team developed two statistical models that estimate the financial and credit risk impact of energy transition scenarios on public and private firms:
- Climate Credit Analytics, developed with Oliver Wyman, offers a sector-specific, bottom-up approach for companies operating in carbon-intensive sectors.
- Climate Risk Gauge, developed internally, offers a consistent and scalable view across all industry sectors.
Giorgio regularly speaks at international credit risk conferences, webinars and events (RiskMinds, RISK EMEA, IECA). More recently, he authored a paper in the Journal of Energy Markets on the credit risk implications of various carbon tax scenarios (Journal of Energy Markets, Vol 13, number 2, pages: 1-24, June 2020) and spoke at several conferences (IRMC 2020, EDHEC 2020), panel discussions (“Navigating climate risk as a financial risk”) and webinars (“Tackling climate change for banks: the culture, the data and the analytics”) on banks’ challenges to implement climate-related stress testing scenarios, climate-related scenario analysis and credit risk assessment in TCFD reporting, and impact of various carbon tax policies on public companies credit-worthiness.
S&P Global Market Intelligence
Rogier Binsbergen
Director and Commercial Lead EMEA, KY3P
Rogier Binsbergen is responsible for the commercial strategy and business development across multiple industry sectors for KY3P® in EMEA at S&P Global Market Intelligence.
Prior to joining S&P Global Market Intelligence, Rogier was a Director at PwC based in Amsterdam and Milan. Rogier is an experienced and trusted advisor to a wide range of globally significant financial institutions and has a broad background in Finance and Risk Management. He has advised and supported a large variety of international clients in the development of their risk strategy, risk appetite, operational processes, and new technology.
In his last role at PwC, he was responsible for managing the Non-Financial Risk Management practice where he led the propositions on Operational Risk & Resilience, Technology & Cyber Risk, Supply Chain & Third-Party Risk, Crypto and ESG. Also, Rogier led multiple international engagements in the Financial Risk and Modelling domain, focusing on Credit Risk and Capital and Liquidity Management.
Before joining PwC, he was active in various Risk Management and ALM related roles for leading financial institutions like ABN AMRO, American Express and APG Asset Management.
Rogier holds a MSc in Business Administration from the Vrije Universiteit Amsterdam and is a certified Financial Risk Manager (FRM®) by the Global Association of Risk Professionals.
S&P Global Market Intelligence
Simon Chard
CEO of KY3P®
Between 2021 and 2023, Simon was the Global Head of Business Development at KY3P®. In this role he led the assessments and data business including closing the acquisition of Trusight in January 2023. Simon also had responsibility for the development of our network of clients across industries.
Prior to joining S&P Global Market Intelligence in 2021, Simon was a Partner at PwC, based in London and with leadership roles within the Technology and Data Analytics practice. He has extensive experience in leading and building consulting and advisory businesses including the third party risk management and operational resilience capabilities. Prior to joining PwC, he established and led the third-party risk practice at Deloitte for five years. In this role he worked with clients across a range of industries including government, life sciences, technology and media and oil and gas.
Simon holds a BSc in Industrial Business Systems, an MBA from Warwick and is a qualified chartered accountant.
S&P Global Market Intelligence
Peter Pernebo
Managing Director, Global Head of Third Party Risk Solutions
Peter Pernebo is the Global Head of Third Party Risk Solutions, S&P Global Market Intelligence, where he is leading the commercial, strategy and client delivery of supplier due diligence solutions. Our solutions are developed in close cooperation with large industry leading organizations to provide efficiencies and standardization to the supplier due diligence process.
At S&P Global, Peter most recently was the Global lead of KY3P (Know Your Third Party) solutions with responsibilities of developing, implement and deliver advanced third-party risk management solutions for leading client organizations. Peter is also a frequent speaker and panelist on various conferences and seminars.
Before joining IHS Markit, he spent eight years leading various engagements within Goldman Sachs third party risk management office, establishing vendor management policies, procedures and infrastructure to support the firm’s program.
Prior, he was recruited to lead the northeast region for Totality, a Silicon Valley technology upstart providing operational support for major ecommerce clients. His responsibilities included sales, client service delivery and consulting. As part of the executive leadership team, Peter was responsible for product and growth strategies. Totality was acquired by Verizon Business where he led the integration of Totality services.
Before joining Totality, he was a Senior Director at Accenture, leading global supply chain projects for clients in the US, Canada, Japan, UK, Sweden and many other locations.
He holds a BSc in Business Strategy from Lund University as well as minors in History and Sociology. Mr. Pernebo is ITIL certified.