As an Associate in the credit risk department at Bank XYZ, I frequently used S&P Capital IQ to aid in our credit analysis procedures. One of the crucial projects was reassessing the credit ratings of existing clients in the manufacturing sector post-COVID. We needed to understand the financial health and stability of these organizations during and after the pandemic.
I used Capital IQ to pull out the essential financial and operational metrics of these companies, comparing them against the industry benchmarks. For some companies, the liquidity ratios and debt-to-equity ratios were especially critical as they shed light on the financial stability during these challenging times. Bursting down all these factors, we updated our internal ratings for these clients, taking their pandemic-affected business environment into account. S&P Capital IQ, with its extensive and detailed dataset, proved to be an indispensable tool in this important project.