Morningstar Credit Analytics today introduced a suite of new credit models and a Bring Your Own Loan (BYOL) analysis tool that expands its data and analytics offerings for fixed‑income investors. The new models deliver enhanced risk assessment for commercial mortgage‑backed securities (CMBS) and collateralized loan obligations (CLOs), while the BYOL feature lets clients upload proprietary loan data for customized analysis.
The CMBS and CLO models build on Morningstar’s DBRS credit risk framework, adding new metrics that improve predictive accuracy and allow analysts to evaluate credit risk consistently across securitized and private credit portfolios. The models incorporate updated loss‑rate curves, exposure‑to‑default estimates, and scenario‑based stress testing that were not available in earlier releases.
The BYOL workflow accepts structured loan data such as loan balances, payment histories, covenant compliance, and borrower credit scores. Clients can upload data in standard formats and receive a full risk profile within a few business days, enabling faster decision‑making earlier in the transaction lifecycle. The tool also supports batch uploads for large portfolios, providing a scalable solution for institutional investors.
Morningstar’s expansion into private credit follows the March 2025 acquisitions of Lumonic Inc., a private‑credit portfolio monitoring platform, and Dealview Technologies Limited (DealX), a provider of CMBS and CLO data. These moves have positioned the company to offer a unified analytics platform that spans both structured finance and private credit, addressing a growing demand for transparency and analytical rigor in a market that has seen private‑credit assets grow by more than 20% over the past three years.
Brian Grow, president of Morningstar Credit Analytics, said the launch “represents an important step in delivering a scalable credit modeling platform designed for modern credit markets. Our goal is to provide market participants with the tools to evaluate credit risk consistently, whether they are analyzing CMBS transactions, private credit exposures, or broader loan portfolios.” He added that the new models and BYOL workflow will help investors make faster, more confident decisions earlier in the transaction lifecycle.
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