RANDOLPH, N.J.--(BUSINESS WIRE)--Business Compass LLC today announced that its corporate credit risk analysis application Altman Z-Score+ is available via the Bloomberg Professional service, as a new feature called the Bloomberg App Portal.
Bloomberg Professional service subscribers globally can instantly access the Bloomberg App Portal at {APPS<GO>} to where they can search for dozens of applications that help users accomplish specific tasks, such as value and price securities, visualize and analyze data or leverage new charting techniques. Applications can be licensed and operated from within the Bloomberg Professional service environment - without disrupting or interrupting workflow.
Altman Z-Score+ calculates Z-Series scores, estimates Bond Rating Equivalent (BRE), generates Percentile Ranking within industry and predicts 1-10 years of Probability of Default (PD) into the future. This has been developed in collaboration with Dr. Edward I. Altman, Professor of Finance at New York University’s Leonard N. Stern School of Business and the inventor of Z-Score model.
Sribatsa Das, CEO, "We are delighted to be among the first to provide an application via Bloomberg’s App Portal where dozens of software developers are contributing to the ingenuity of the Bloomberg Professional service. The Bloomberg App Portal enables us to deliver a value-added service to the global financial community as an integrated feature of the Bloomberg Professional service."
Dr. Ed Altman, “I am excited about our new Altman Z-Score+ App which provides the subscriber with far more than the original credit scoring equation and brings its classic equity and debt market insights to an up-to-date, default prediction, value-added dimension. Combined with Bloomberg's unmatchable global reach of publicly listed company data, and with the added ability to analyze privately held firms anywhere in the world, the user can assess the 1-10 year probability of default based on a variety of relevant Z-Score models. Our format is easily adaptable for user friendly equity as well as debt instrument screenings and many other applications."
The Bloomberg App Portal gives Bloomberg subscribers instantaneous access to a diverse library of financial tools, provided by Bloomberg and software developers from around the world. Applications are reviewed and selected for the Bloomberg App Portal based on a variety of parameters, chief among them the ability for the application to add value to Bloomberg's existing feature set and information resources.
For more information about the Bloomberg App Portal please contact Claudio Storelli at cstorelli@bloomberg.net or visit {APPS<GO>} on the Bloomberg Professional service.
For more information about Altman Z-Score+ please visit http://www.altmanzscoreplus.com, or contact zscore@businesscompassllc.com.
Business Compass® LLC is a financial mobile, web and desktop software product start-up. It has launched more than 200 mobile financial apps. Altman Z-Score+, MBA Sidekick, Mobile Banker and Mobile Statistics Professor® are the key products of Business Compass LLC.