Algorithmics Incorporated said it has chosen Fitch Ratings issuer ratings to include within its Algo OpVantage FIRST (Financial Institutions Risk Scenario Trends) database of case studies. The Algo OpVantage FIRST database has been mapped to selective ratings history, and tracked to start and end dates of an operational risk event, for the significant range of public companies covered by Fitch Ratings.
In addition to new content, new functionality has also been added to the database, which includes the ability to download events in XML format. These enhancements have been driven by feedback from Algo OpVantage’s extensive user base of over 70 global financial institutions.