NEW YORK, May 19, 2014 /PRNewswire/ -- S&P Capital IQ, a business unit of McGraw-Hill Financial (NYSE:MHFI), today announced the launch of S&P Credit Solutions, a new business line that enables investors to leverage the combined data, research and analytics capabilities of both Standard & Poor's Ratings Services and S&P Capital IQ. Neil R. Smith has joined S&P Capital IQ to lead the new business.
"S&P Credit Solutions brings together market-leading credit ratings data along with comprehensive analytics, company research and related data, all delivered via a single source across a flexible range of platforms," said Lou Eccleston, President, S&P Capital IQ. "In hiring an entrepreneurial business builder like Neil Smith to lead this new initiative, we are making a clear statement to the marketplace that we intend to set the new industry standard for credit data and analytics."
"The ability to integrate our credit ratings data with the proven analytics and research capabilities of S&P Capital IQ creates a truly unparalleled opportunity for market participants to gain the deepest possible insight into credit quality," said Neeraj Sahai, President, Standard & Poor's Ratings Services. "The investment intelligence that will come from this pairing of resources will be an enormously powerful asset to financial markets."
Neil Smith has a long record of accomplishment building new businesses and successfully expanding existing ones. For the last three years he was Managing Director and Global Head of Products at Fitch Solutions. Previously, he was Managing Director and Business Group Manager at the Bank of New York Mellon. Earlier positions include senior management roles at Citigroup Alternative Investments in New York and Citigroup Credit Structures in London. Mr. Smith earned an MBA from Cass Business School ( London) and a BA in Economics and Politics from the University of Western Australia ( Perth).S&P Credit Solutions is a distinct business line within S&P Capital IQ and is fully dedicated to the commercial distribution of the ratings intellectual property of Standard & Poor's Ratings Services. It will distribute credit ratings and related data, analytics and research via direct data feeds, desktop platforms and web-based portals. It is made up of approximately 120 individuals in several centers around the world operating separately and independently from any other business within McGraw Hill Financial.