Securities Valuation Co. Inc.. a subsidiary of Financial Models Co. Inc., and Dominion Bond Rating Service Ltd., the Toronto-based credit rating agency, today announced the launch of DBRS RatingsNow, a new source of credit ratings for Canadian debt instruments delivered daily to financial institutions around the world.

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

Because the debt is rated at the instrument level rather than at the debt level, there is no longer a need for financial institutions to determine to which instrument a given rating should be applied.

“Financial institutions have been demanding a central feed for debt rating information,” said 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 is available in three configurations to meet varied business requirements. The Universe provides financial institutions with all the ratings data compiled by DBRS. The Portfolio option allows customization with regard to the degree of rating coverage, level of detail, frequency of updates and method of delivery, enabling firms with more specific requirements to take only the ratings information they require. A Commingled option permits FMC’s clients to easily add debt-rating information to the market data they already receive.