Gimme Credit plans to launch an intraday research service June 15 to analyze implications of news events and market activity on credit quality of individual corporate bond issuers. Officials for the firm, which provides independent corporate bond research, hope the new service "will add more immediacy and flexibility to the firm's research," according to a statement.
"Event risk, increasing volatility and an explosion of new credit instruments keep portfolio managers glued to their screens," Arthur Rosenzweig, managing director, said in the statement. "Our new intraday service will help them cut through the chit-chat to what's important."
Gimme Credit will also introduce individual credit scores that will indicate the view of one of the firm's senior analysts on the direction of a company's credit quality, the statement noted. The scores will not be a credit rating, a spokeswoman said.