San Mateo, Calif., February 23, 2009 - FirstRain®, the leader in search-driven research for investment professionals and executives, today announced the expansion of FirstRain to meet the alternative research needs of fixed income investors, including corporate and government debt investors. FirstRain's platform now analyzes the leading indicators of defaults and downgrade risk that can significantly affect bond value.
Despite the bear market and market volatility, professional fixed income investors—government bond desks, closed-end fund managers, high-yield research analysts and short term fund managers—must still produce yield for their investors. As a result, investments in fixed income are on the rise, and with treasury yields near zero, investor focus is increasing on corporate and government debt.
At the same time, investment professionals have an urgent need for additional risk mitigation and analysis on top of the existing ratings from the credit rating agencies, given recent history. FirstRain provides incremental visibility to the leading indicators of cashflow and sustainable fiscal health for corporations and for state and local governments at a time when they are navigating between a collapse in their retail and property tax bases and a massive stimulus program.
Concurrently, FirstRain has launched its consumer-focused Municipal Bond Map at www.firstrain.com.
"In this environment, institutional investors are driving fund flows into fixed income investments, but managing the risk is more critical than ever before," said Penny Herscher, president and CEO of FirstRain. "FirstRain's expansion into fixed income research provides leading qualitative indicators for defaults and downgrades."
As the leader in search-driven research, FirstRain provides global firms with a competitive advantage, revealing information and trends from the web that they would not otherwise see. FirstRain changes the rules of research by applying state-of-the-art extraction and pattern detection technology to the web. FirstRain is a privately held company headquartered in San Mateo, Calif., with additional offices in New York, NY and Gurgaon, India. Contact FirstRain at www.firstrain.com. Visit CEO Penny Herscher's blog, Market Mine, at http://pennyherscher.blogspot.com.