CASE STUDY — Oct 14, 2025
How S&P Global Market Intelligence Enhanced Credit Scoring of U.S. Private Companies
About S&P Global Market Intelligence
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), a global provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years.
Within S&P Global Market Intelligence, Credit Analytics product enables non-financial corporations, financial institutions, and SMEs to measure, monitor and monetize credit risk. RiskGauge™ is its flagship credit risk model, that employs advanced machine learning techniques to combine market, financial and business risk factors and generate a credit score for public and private companies, of any size, globally.
The Challenge: Finding Granular, Anonymized Data
Company fundamentals are the staple of any standard credit risk assessment. However, across the globe the amount and quality of information available on private companies tend to decrease with firm’s size. To make things harder, in certain jurisdictions like in the United States (U.S.), there is no requirement for private companies to report their financials, and thus risk managers often are forced to use anchor risk assessments based on a peer group of companies with financial information, operating in the same country and industry. This approach leads millions of SMEs without financials to be assessed with the same credit risk score, and leaves risk managers grappling with the problem of identifying the less vulnerable businesses.
S&P Global Market Intelligence needed a comprehensive dataset to enhance the granularity of its credit risk assessment on private companies in the United States, while also meeting required anonymity standards.
S&P Global Market Intelligence
“Powerlytics is a great data vendor, with a unique database that collects, anonymizes and aggregates private company fundamentals in the United States. This allowed us to enhance the granularity of our flagship model, RiskGauge™, when assessing US private companies for which we do not have financials.”
Moody Hadi
Head of Credit, Analytics, & New Product Development
The Solution: Better Data, Better Models
Powerlytics delivers proprietary datasets that feature complete business financial statements on over 30 million U.S. private businesses, by integrating publicly available information from trusted U.S. government sources.
Through Powerlytics, S&P Global Market Intelligence enhanced its quantitative risk model, RiskGauge™, to generate more granular credit scores on U.S. private companies, by leveraging up to 16,000+ cohorts of firms, segmented by state/zip code, industry and size.
Risk managers at non-financial corporations and financial institutions can leverage RiskGauge scores to assess and monitor credit risk of business partners, as well as help setting maximum exposure limits to manage customers’ trade receivable limits.
A Powerful Partnership
“Powerlytics really understood the use case we were trying to solve,” said Moody Hadi, S&P Global Market Intelligence’s Head of New Product Development in Global Insights.
Anonymized, granular and trustworthy data are key to S&P Global Market Intelligence’s RiskGauge model.
What Sets Powerlytics Apart?
Powerlytics business was originally started by a team of PhD economists, integrating 15+ datasets from the IRS, Census Bureau, and Department of Labor, to provide:
- A comprehensive, trustworthy source of data that encompasses 99% of U.S. households and private businesses
- Accurate, objective, anonymized and granular data
- Expertise and collaboration – a team that delivers more than data, truly understanding partners’ pain-points and ready to collaborate.
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