Overbond, the first fintech platform in the new bond issuance market, has partnered with DBRS Credit Ratings, granting access to data and proprietary research reports for Overbond’s client base, per an Overbond statement.
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The new accord will see DBRS’ research reports and composite ratings made available directly on the Overbond platform – the initiative caters to primary bond market investors, issuers, and dealers, which occurs amidst a growing demand for credit ratings information.
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New Access to Data, Credit Ratings
A groundswell of primary bond market transaction volumes has also helped facilitate the integration of Overbond’s platform with DBRS, ultimately allowing for greater efficiency throughout the entire bond issuance process. Furthermore, the assimilation helps provide market participants with instrumental and time sensitive credit rating information, directly impacting their respective portfolio investments and data analysis.
According to Vuk Magdelinic, Chief Executive Officer (CEO) and co-founder of Overbond, in a recent statement on the integration: “Investors that look at the credit ratings of company or government debt as part of their considerations regarding different bonds now have direct access to this information from within the Overbond platform.”
“The integration of DBRS proprietary RatingsNow data into the Overbond platform provides investors, issuers, and dealers easy access to data that supports informed investment decision-making, and evaluation and monitoring of risk,” he added.
“DBRS is pleased to be working with, and providing ratings information to Overbond as they seek to increase technological innovation and efficiencies in the capital markets”, reiterated Doug Turnbull, Vice Chairman – Head of Canada for DBRS, in an accompanying statement.