 
CDO Software Integrates Standard & Poor's CDO Evaluator Credit AnalyticsNEW YORK (Standard & Poor's) July 31, 2008Standard & Poor's Ratings Services said today that CDO Software, the specialist synthetic collateralized debt obligation (CDO) management provider, has signed an agreement with Standard & Poor's to integrate its CDO Evaluator® credit analytics into CDO Software's CDO Tools™ suite. Incorporating CDO Evaluator's analytics enables CDO Software to offer investors and participants in the structured credit market an integrated platform for performing credit risk analysis on their CDO portfolios. Investors and collateral managers can now use the CDO Tools suite of management tools with the knowledge that Standard & Poor's CDO Evaluator analytics are now accessible via the tool. The tool runs scenario loss rates and synthetic rated overcollateralization (SROC) results automatically to mitigate operational risks and optimize efficiency. This is crucial when running substitutions and executing trades quickly to improve credit cushion, particularly in present market conditions. Ram Ranganath, Vice President Global CDO Product Management, said, "We're delighted to sign this agreement with CDO Software and continue to promote the transparency of our ratings methodology. Using the automated functions of our CDO Evaluator Engine® service within the CDO Tools application can provide market participants with improved mechanisms for analyzing our ratings." Sunay Shah, CEO and Co-Founder of CDO Software, added, "We are fully committed to working with Standard & Poor's and delivering an integrated solution so that market participants have tools to manage their portfolios efficiently. There is a need to bring confidence back to the market, and CDO Software can help by developing technology to provide transparency at a time that is critical for managers and investors." ABOUT CDO SOFTWARECDO Software provides management tools for participants in the structured credit derivatives market. The CDO Tools suite of products enables investors and issuers to efficiently manage synthetic CDO products. CDO Director™ covers the key stages of CDO management: Data & trade capture, monitoring & analytics, integrated rating agency models, and substitutions including professional reporting all in an audited environment. ABOUT STANDARD & POOR'SStandard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research, and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com. CDO Evaluator and other CDO analytical models and data services from Standard & Poor's can be accessed from www.cdointerface.com, under the Analytical Tools & Models tab. |
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