Thomson Reuters Corporation : Thomson Reuters Fills Data Gap for China's Credit Market with Exclusive Content for Chinese Non

   Thomson Reuters Corporation : Thomson Reuters Fills Data Gap for China's
   Credit Market with Exclusive Content for Chinese Non-listed Entities on
                            Thomson Reuters Eikon

Thomson Reuters adds StarMine default probabilities content for Chinese
non-listed entities on its flagship financial markets desktop Eikon to meet
the needs of local clients in China

London, Beijing, 25 March - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced it
has launched StarMine Default Probabilities (DPs), to include exclusive
default probabilities content for Chinese non-listed entities, on its flagship
financial markets desktop, Thomson Reuters Eikon. This move has filled the gap
in China's credit market for non-listed entities. Now financial professionals
can better calculate credit risks for non-listed entities and make better
investment decisions.

Thomson Reuters data shows that the volume of credit bond issuance in mainland
China has reached approximately CNY 3,800 billion (US$ 612 bn), among which
more than 50% was issued by non-listed entities. The StarMine Structural
Credit Risk (SCR) Model requires a stock price as an input, and therefore is
not available for non-listed entities. With the unique Thomson Reuters Smart
Ratios (SMCR) model relying on key financial ratios rather than a stock price,
this allows StarMine to be able to calculate DPs and implied ratings for
non-listed entities where company fundamental reports are available, to help
evaluate the target companies.

StarMine DPs are  now available for  over 870 China  non-listed entities  with 
some company histories dating back to 2001. StarMine DP coverage for China has
now increased by a third  to nearly 3500 issuers.  Clients can gain access  to 
implied ratings  for almost  3500 entities  and evaluate  non-listed  entities 
default probabilities. 

StarMine Default Probabilities currently offers non-listed entities data only
for the China market, which reflects Thomson Reuters focus on China and its
financial markets. Listed entities data is available for all the other
markets.

"Thomson Reuters has a long history and rich experience in the financial
markets both globally and in China," said Massimo Di Gregorio, Managing
Director, Thomson Reuters China, "We're proud to provide China and global
financial professionals with key news and information, advanced analytics
tools and access to global communities via an easy-to-use one-stop financial
markets desktop."

In June 2012, the Chinese version Thomson Reuters Eikon launched to meet the
needs of China's rapidly developing financial marketplace. Thomson Reuters
Eikon is being used and has received positive client feedback by key global
and domestic financial institutions, including the European Central Bank and
dozens of national central banks.

Thomson Reuters Eikon is designed to provide a powerful and intuitive
next-generation solution for consuming real-time and historical data,
connecting with the financial markets community and executing financial
markets transactions across asset classes such as foreign exchange (FX), fixed
income, commodities, equities and derivatives. It realizes Thomson Reuters
vision for a financial markets desktop that is intelligent, simple and social.
Driven by powerful search engine technology, Eikon carries real-time data,
news, charts, insightful commentary, analytics and trade execution tools
through views that can be customized to individual user preferences and
workflow. Based on open standards, it is powered by Thomson Reuters Elektron,
the Company's low latency data and trading infrastructure.

                                    -End-

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organization. With headquarters in New York and major operations in London and
Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and
operates in over 100 countries. Thomson Reuters shares are listed on the
Toronto and New York Stock Exchanges. For more information, go to
http://thomsonreuters.com.

About StarMine

Thomson Reuters provides equities and credit based alpha and risk factors for
investment managers as well as corporate investor relations teams. Thomson
Reuters has long been known for its enhanced sell-side forecasts; one example
is StarMine SmartEstimates, which predict the direction of earnings surprises
with a success rate of around 70% when the SmartEstimate significantly differs
from the consensus estimate. The StarMine Text Mining Credit Risk model sits
alongside the StarMine Structural Credit Risk model and the StarMine
SmartRatios Credit Risk Model, both form part of StarMine's credit risk
offering.



CONTACTS

Kate Reid
Thomson Reuters
+44 (0)20 7542 2215
kate.reid@thomsonreuters.com

Joyce Zhang (Jiayin)
PR Manager, China
Thomson Reuters
+86-21-61041607
joyce.zhang@thomsonreuters.com

Press release (PDF)

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Source: Thomson Reuters Corporation via Thomson Reuters ONE
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