Standard & Poor’s Risk Solutions and Toronto’s Algorithmics Inc. announced today that the two firms intend to integrate their credit risk products. The announcement was made at the Algo Credit Conference being held in Vienna.

“We plan to develop seamless and transparent credit risk solutions, combining our popular risk management analytical tools with the best possible credit data available,” said William Chambers, managing director, Standard & Poor’s Risk Solutions. “Our integrated offering will set the standard for the market, and will greatly enhance our current clients’ ability to leverage our products.”

The agreement involves Standard & Poor’s products including CreditModel, CreditPro, Ratings Express, and the PMD Loss/Recovery and Leveraged Comps Databases, and Algorithmics’ credit analytics products, including Algo Portfolio Credit Risk Engine and Algo Credit eValuator.

The companies add that the integrated solution opens up to Standard & Poor’s customers another option for leveraging the highly valued credit tools and data provided by Standard & Poor’s with Algorithmics’ first-class credit analytics.