Thomson Reuters ‘Mines' Text for Default Probability Scores

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Thomson Reuters has unveiled StarMine Text Mining Credit Risk Model (TMCRM), a data service that delivers a score for a company's implied default probability, based on analysis of text-based content such as company financial statements, news and research documents.

The vendor rolled out the service -- which is aimed at front-office staff including traders, investment managers and analysts, as well as those involved in risk management functions -- over the past two weeks, after around three years

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