LONDON, June 15, 2018 /PRNewswire/ -- S&P Global Market Intelligence's solution for International Financial Reporting Standards (IFRS) 9 Impairment has claimed this year's IFRS 9 – ECL Modelling Solution of the Year award at the Risk Technology Awards. The award ceremony took place on June 12, 2018 at The Marriott Hotel in London.

The winning IFRS 9 Impairment solution combines data, qualitative and quantitative analytics and workflow tools to compute the credit risk components, probability of default (PD) and loss given default (LGD), necessary for Expected Credit Loss (ECL) calculation.

Sid Dawuda, Director of Global Risk Services at S&P Global Market Intelligence, says: "We would like to thank the judges for recognising our solution and how it helps our clients perform in-depth credit risk analysis for IFRS 9 by leveraging our Credit Analytics platform and statistical models for quick and scalable analysis and sector-specific scorecards, particularly for low default asset classes."

To learn more about the solution please click here.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). For more information, visit www.spglobal.com.

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SOURCE S&P Global Market Intelligence