Financial Models Company Inc. and Dominion Bond Rating Service Limited are launching DBRS RatingsNow, to deliver credit ratings for Canadian debt instruments to financial institutions around the world.

Traditionally, debt-rating information has been delivered to financial institutions via terminal or fax. DBRS RatingsNow provides seamless “push” delivery via FTP of instrument level data into the systems of a financial institution.

“Financial institutions have been demanding a central feed for debt rating information,” says Stamos Katotakis, president and CEO of FMC. “Working with Dominion Bond Rating Service, the authority on Canadian debt, we’ve created DBRS RatingsNow, the first seamless ‘push’ delivery system for Canadian debt information.”

An electronic data feed of debt ratings provided at the issue level and commingled with security-related information, DBRS RatingsNow is designed to integrate easily into an automated compliance or trading system. DBRS RatingsNow can also be employed by end-users for simple ratings queries.