Portfolio Analytics

In this release, we introduced several new features for Portfolio Analytics users, including the ability to create, save, and share custom text formulas as groupings for improved usability. We added portfolio comparison mode to compare portfolios side by side. Additionally, we added the ability to rebalance composites annually and new fixed income characteristics. Users also have the option to exclude indices without constituent history from portfolio and benchmark search results.

Ability to reuse custom text-based formulas as groupings

Users can now utilize the text form of a formula to create groupings. After creating a formula that maps numerical output values to a corresponding text for improved readability, the same formula can be applied for groupings.

Find it in the platform:

• Navigate to the Portfolios tab from the top navigation
• Go to Reports and open an existing report or create a new one
• Open a widget in the report and navigate to settings
• Select Add Formula from the top right side of the Data Library
• Create a new formula or edit an existing formula
• At the last step of formula creation, select the Apply Formatting checkbox and map expected formula value ranges to the corresponding text labels and click Save
• Navigate to the widget you wish to apply custom grouping or to the Group by field on the global bar
• Add the recently created formula as a grouping. You can share this grouping with others in the firm if you share the original formula with the same permissions

Scenario Analysis – Portfolio Comparison mode

Users can now use a split-screen function to duplicate a report's content. This enables them to apply different portfolio and benchmark pairs to both the original and replicated sections of the report, enhancing their understanding of how changes in portfolio composition impact tracked metrics and characteristics.

Find it in the platform:

• Navigate to the Portfolios tab from the top navigation
• Go to Reports and open an existing report or create a new one
• Select Portfolio Comparison View from the dropdown arrow next to the report name
• Notice that the report is now split into two identical copies, with the right side blank copy allowing the user to select a different portfolio or benchmark, or both
• Click on Update after selecting the portfolio and benchmark on the right-hand side to view the results
• Note that report content cannot be edited in this mode
• To return to the original report and enable editing, click on Return to Edit Report from the same arrow control

Annual Rebalancing Frequency in Composites

Users can now create or update composites annually, offering enhanced rebalancing capabilities.

Find it in the platform:

• Navigate to the Portfolios tab from the top navigation and select Composites
• On the Composite Dashboard, edit an existing composite or create a new one
• In Rebalancing pulldown, select Annual and click on Save

Additional Fixed Income Characteristics

Users can now access new fixed-income data for their portfolio reports.

Find it in the platform:

• Navigate to the Portfolios tab from the top navigation
• Go to Reports and open an existing report or create a new one
• Open a widget in the report and navigate to settings
• Navigate to Portfolio Data > Fixed Income Data folder
• The following metrics are added to the existing list:
• Accrued Interest
• Convexity
• Evaluated Bid Price
• Coupon Interest Frequency
• Maturity Date
• Bond Type

Filtering Index Search Results in Portfolio Selector

When selecting an Index as a portfolio or a benchmark for a report, users can now choose whether to include indices without constituent history in their search results.

Find it in the platform:

• Navigate to the Portfolios tab from the top navigation
• Go to Reports and open an existing report or create a new one
• On the report, select an Index as a Portfolio or a Benchmark
• Choose to include or suppress search results for indices that do not have constituent-level data but do have price or total returns
• To include price or total-level return-only indices in the universe search, select the Include index-level search results checkbox

RiskGauge Desktop

In this release, we introduced the RiskGauge 3.0 model with enhanced precision and streamlined workflows. This version improves methodologies and usability, boosting predictive power and offering deeper insights. With increased data availability and enhanced customization options, users can achieve quicker, tailored insights for comprehensive risk analysis.

RiskGauge 3.0 - Expanded Coverage, Deeper Insights & Improved Predictive Power

With the new RiskGauge 3.0 model, users can benefit from expanded company coverage and access RiskGauge scores for a broader range of companies. The predictive power of our RiskGauge score is significantly improved through robust data validation processes, expanded input data, refined model structures and thresholds, resulting in more accurate predictive capabilities. Additionally, where applicable, our scores will reflect signals from the bond market, offering deeper insights, while benchmark-powered scores for US companies are also enhanced for greater accuracy.

Moreover, RiskGauge 3.0 enhances workflows with the RiskGauge Widget Score Breakdown, which offers a detailed view of the effects of Qualitative Adjustments, Parental Support, Government Support, and Sovereign Capping. These enhancements are integrated into the Company Comparer, enabling users to easily compare data points across peer companies. Additionally, any proprietary data uploaded is retained over time and utilized in daily score generation, ensuring a comprehensive history of the RiskGauge score.

Find it in the platform:

• Navigate to My Capital IQ in the top navigation and select Settings
• Click on Credit Analytics in the settings page
• Select RiskGauge Settings > Model Version > 3.0

Access RiskGauge Reports from the Company Comparer

Users can access RiskGauge Reports from the Company Comparer more easily than ever. While comparing companies, users can quickly navigate to any company’s RiskGauge Report with a single click, enabling faster, deeper insights and more efficient decision-making.

Find it in the platform:

• Search for and select any company in the search bar
• Navigate to the Company Comparer in the left-hand navigation
• Click the RiskGauge icon on the company card within the Company Details section

Expected Loss per 1000 Exposure Available on the Company Comparer

Users can now access ‘Expected Loss per 1,000 Exposure (EL/1000)’ as a comparative metric on the Company Comparer. This metric allows users to deep dive into company comparisons to evaluate credit risk and the tangible financial impact of exposure by displaying the expected loss for every 1000 units exposed to a company. Additionally, users can easily switch to Expected Recovery per 1000 Exposure in the settings.

Find it in the platform:

• Search for and select any company in the search bar
• Navigate to the Company Comparer in the left-hand navigation

Industry Classification Column in RiskGauge Reports Search

When users search for companies using RiskGauge Reports, an additional column will appear in the search results displaying each company's industry classification. This feature simplifies the process of identifying and filtering companies, helping users quickly locate the company they are looking for.

Find it in the platform:

• Navigate to the Report Search page via the RiskGauge Reports option in the top menu
• Search for any company by adding mandatory and optional details
• The search results will now include an additional Industry column, showing the industry classification for each company

Enhanced Financial Input Precision in Scoring Workflow

Users scoring a company on the Score Company page can select the number of decimal places displayed for Financial Inputs during the scoring workflow. This enhancement provides users with greater flexibility and data entry precision, enabling them to view a broader range of financial values for both private and public companies, particularly those that typically report lower financial values.

Find it in the platform:

• Navigate to My Capital IQ Settings in the top navigation
• Navigate to My Settings: Formatting > Decimal Places > Formatting Settings View
• Select the preferred number of decimal places in the dropdown and click Save
• Navigate to the Scoring UI and view the selected number of decimal places across all financial inputs

Risk Driver Values Available on the Desktop

RiskGauge Desktop users can now access Risk Driver values from the RiskGauge widget in the Capital IQ platform. This includes benchmark values displayed as letter grades, such as Size-adjusted benchmark, Market benchmark, and Bond-Implied benchmark. This enhancement enables users to quickly view risk driver values from the RiskGauge Dashboard, Tearsheet, and Scoring UI without needing to launch the RiskGauge Report.

Find it in the platform:

• Navigate to the RiskGauge Dashboard > RiskGauge widget > Risk Drivers
• Navigate to the Tearsheet > RiskGauge widget > Risk Drivers
• Navigate to the RiskGauge Report > RiskGauge widget > Risk Drivers
• Navigate to the Scoring UI > RiskGauge output > Risk Drivers
• Navigate to the Company Comparer > Risk Drivers

Credit Analytics Capital IQ Plug-In

In this release, we significantly enhanced credit risk analysis capabilities with the launch of RiskGauge (RG) 3.0, a more robust, flexible, and comprehensive model that consolidates a broad range of credit risk indicators into a single score. It offers better score discrimination and now includes Bond Market Signals as an additional risk driver where applicable.

RiskGauge 3.0 in S&P Capital IQ Plug-In

In this release, users can access the new RiskGauge 3.0 metrics directly in the S&P Capital IQ Plug-In. This model offers enhanced flexibility, enabling score generation even when data is available from just one underlying model, a key improvement over previous versions that required inputs from at least two models.

In total, 103 new Prescore metrics are added and grouped into:

• 72 Absolute Contribution (Risk Driver) metrics
• 17 Prescore metrics
• 14 Benchmark metrics

Find it in the platform:

• Launch S&P Capital IQ Plug-in and open Formula Builder
• Navigate to the RiskGauge 3.0 folder to search for the metrics organized into three subfolders: Scores, Scores Benchmark, and Absolute Contribution/Risk Drivers

March 2025 S&P Capital IQ Release Notes

March 2025 S&P Capital IQ Release Notes

Read March 2025 S&P Capital IQ Release Notes

In this release, we added new enhancements on Capital IQ to improve your daily workflows:

• We enhanced reporting efficiency in Portfolio Analytics by adding the ability to export a firm’s exposure data for use in external workflows.
• We introduced a Cash Flow data input template in the Project Finance app to streamline inputs for Probability of Default (PD) and Loss Given Default (LGD) assessments.
• We launched the ‘Save Progress’ feature in ProSpread, enabling users to save and resume their extraction workflows for greater flexibility.
• We introduced GSAC V3 Bond Sector Curves, in the S&P Capital IQ Plug-In, enhancing the precision of bond sector analysis and aligning with the Global Industry Classification Standard (GICS).