Enhancing Credit Diligence and Monitoring for Private Credit Teams with CreditCompanion™

Industry Context

As a group, Private Credit professionals manage investments across the full deal lifecycle, including origination, underwriting, structuring, and active portfolio management. Key activities include credit analysis, covenant negotiation, collateral assessment, ongoing monitoring, risk evaluation, and workout planning.

Through our discussions with Private Credit professionals, we identified several key workflow challenges:

• Limited and Inconsistent Data: Financial information for private companies is often unaudited, delayed, or defined differently across companies. This makes it harder to validate covenant inputs, EBITDA adjustments, and pro-forma assumptions.
• Downside and Recovery Uncertainty: Translating macro or industry changes into clear downside, liquidity, and recovery views is difficult, especially when markets reprice quickly.
• Concentration and Correlation Risk: Identifying portfolio exposures to cyclical sectors, companies backed by the same sponsor, significant upcoming debt maturities, or shared macro drivers such as rates, commodities, and FX can be complex.
• lliquidity and Escalation Delays: Illiquidity, infrequently updated valuations, and unclear early-warning signals can delay timely escalation and remediation decisions.

Introducing CreditCompanion™ on RatingsDirect^®:

As the official source for S&P Global Ratings credit ratings and research, RatingsDirect^® from S&P Global Market Intelligence delivers credit risk insights on a powerful single platform. With AI-powered search, comprehensive market data, credit risk indicators, and dynamic visualization tools, users can efficiently analyze credit performance and trends across industries, companies, and securities worldwide.

Embedded within RatingsDirect^®, CreditCompanion™ is a GenAI assistant that helps users uncover, analyze, and summarize credit research, automating information retrieval, trend analysis, and peer comparisons to enhance productivity.

Key Features:

• Efficient Access to Ratings Research: Intuitive chat interface for rapid access to S&P Global Ratings research and data.
• Comprehensive Credit Summaries: Generates company summaries, peer comparisons, and ratings lists.
• Rapid Information Compilation: Quickly synthesizes insights on entities, peers, sectors, countries, and macro-credit themes.
• Insightful Data Extraction: Extracts insights from over 1 million credit ratings and three years of credit research from S&P Global Ratings.
• Reliable and Transparent Information: Links directly to underlying S&P Global Ratings source documents for validation and confidence.

How CreditCompanion™ Addresses These Challenges:

• Consolidated Risk View: Brings together relevant country, industry, Private Markets and issuer-level Ratings research into one workflow. This reduces time spent searching across sources.
• Clear Downside Narratives: Summarizes key risk drivers and downside considerations discussed in Ratings research. These summaries can support underwriting discussions and investment committee materials.
• Early Deterioration Awareness: Highlights emerging risk themes and market headwinds on public and private credit markets, including the Private Markets Monthly publications from S&P Global Ratings. This supports enhanced monitoring and timely internal reviews.
• Improved Consistency Across the Lifecycle: Supports more consistent risk framing across origination, diligence, and monitoring.

Sample Use Cases for Private Credit:

1. Summarize recent industry research to support deal sourcing and market mapping discussions.

2. Summarize covenant and structural considerations to support diligence and negotiation discussions. 

3. Surface key credit metrics and risk drivers to support credit analysis and structuring decisions. 

Other Prompts:

1. Summarize trends in private markets for investments in data centers (capital supply, pricing, risks).
2. What megatrends in 2026 could affect [Industry], and how might they transmit to private-credit default and recovery risk?
3. Compare @<entity_name>’s credit profile to peers and identify the main drivers of divergence.

Conclusion:

For Private Credit professionals in investment management, CreditCompanion™ streamlines access to country, industry, and issuer research in an environment of fragmented and inconsistent data. By producing consistent risk summaries and surfacing early-warning signals and market headwinds, it supports more efficient underwriting, structuring, and ongoing portfolio monitoring.

Disclosures for this article from S&P Global Market Intelligence: https://www.spglobal.com/marketintelligence/en/legal/disclosures#sp-global-market-intelligence