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Concluded an agreement with S&P on Global Credit Rating Information Service

Division :
Webmaster
Date :
2009-08-05 17:35:47

[2009/05/28]

Koscom concluded an agreement with S&P on Global Credit Rating Information Service

There have been constant requests for the global credit ratings information from direct and indirect investors who hold foreign issues in their portfolios. Now that information can be accessible at users' conveniences in real-time in Korea.

Koscom(CEO Kim, Kwang Hyun) announced that it concluded an agreement in New York on May 27th with the globally known credit rating company, Standard & Poor's ("S&P", Vice President Louis Eccleston) on servicing global credit rating information in Korea. Koscom also stated that S&P and Koscom agreed to strengthen their correlations including co-marketing activities.

The service is to be launched in coming June through Koscom's information terminal, CHECK and will enable the local investors in Korea to have access in realtime to the credit ratings information from S&P on about 50,000 equities which corporations and countries issued.

Mr. Kim Kwang Hyun, CEO of Koscom stated "Globalization of world economy resulted in a huge demand on overseas credit ratings information. In this respect it is such an honor for Koscom that CHECK terminal is named as the first in Korea to service the global credit rating information of S&P. Koscom will keep working to extend the data coverage in order to meet customers' needs so that it fulfills the responsibility of the leading financial information provider."

Meanwhile, global credit rating information is essential for a local investor to analyze risks and reliabilities of relevant corporations or countries of which one directly and/or indirectly has interests.

※ Standard & Poor's

S&P is a well known global information provider specializes in credit ratings information and investment advisory services. one of the US primary indices、S&P500 is originated from S&P. (The End) 

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