Icap teams up with Rapid Ratings to offer CDS data
Icap, the UK interdealer broker, has launched a new data product that combines credit default swap pricing with credit ratings provided by Rapid Ratings, an algorithmic rating agency.
Subscribers will receive a daily feed of closing prices for a defined set of CDS names, as seen by Icaps own brokers. They will also get the numerical credit ratings for those borrowers, produced by Rapid Ratings.
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