Financial Technology Firm Expands Database of Municipal Bond Issuers; Adds Water & Sewer Facilities to Growing List of Credit Sectors

Apr 16, 2001, 01:00 ET from DPC DATA

    FORT LEE, N.J., April 16 /PRNewswire/ -- DPC DATA, a 9-year old firm that
 provides data publishing and data management products to the financial
 industry, has expanded the scope of MuniCREDIT ANALYTICS, a database product
 that enables subscribers to view financial statements and other data
 pertaining to municipal bond issuers.
     According to DPC DATA President Peter Schmitt, the MuniCREDIT ANALYTICS
 database which has covered Airports, Higher Education, Toll Roads, Public
 Power, and Hospitals since its introduction a year ago, now includes Water &
 Sewer facilities as well.
     "We also plan to cover General Government credits in the very near
 future," he added.
     Schmitt said the database product is a valuable tool for analysts who wish
 to track the creditworthiness of an issuer for bond valuation or compliance
 purposes.
     According to Schmitt, MuniCREDIT ANALYTICS covers Water and Sewer
 facilities operated by municipalities as well as those operated by third
 parties. He added that the database of financial statements is augmented by
 extensive socioeconomic data.
     "Our socioeconomic data come from the Bureau of Economic Analysis, the
 Bureau of Labor Statistics, the Census Bureau, and others," he explained. "The
 data pertain to income levels, employment information, retail sales, and more.
 Viewed together, these data provide a remarkably clear and useful picture of
 what each community is really like."
     Executive Vice President Antonio Acevedo noted that the socioeconomic data
 can be valuable to analysts who want to gauge the relative strength of a water
 and sewer utility's service area, and to developers who want to know whether a
 population can support a certain kind of housing or business. He also stressed
 the uniqueness of the MuniCREDIT ANALYTICS database.
     "This database is a highly efficient credit monitoring tool that has
 simply never existed before," he said.  "It is remarkably detailed, accurate,
 and versatile. And all figures contained in the financial statements can be
 traced back to the original audit with a few clicks of the mouse."
     According to Acevedo, all of DPC DATA's products and services enable
 financial professionals to replace paper-intensive tasks and procedures with
 more efficient electronic methods.  "We can greatly reduce the labor, time,
 and cost associated with credit research, archiving, and document delivery,
 among other things," he said.
     In addition to marketing a portfolio of trademarked products, DPC DATA
 offers custom services in the areas of document conversion, data extraction,
 full-text indexing, software development, and Web technology.
     DPC DATA's clients include many of the nation's largest financial
 institutions. Schmitt noted that Standard & Poor's has recently taken a
 minority equity position in the firm.
     "We're gratified that a company of Standard & Poor's stature has chosen us
 as a strategic partner," he said.
 
 

SOURCE DPC DATA
    FORT LEE, N.J., April 16 /PRNewswire/ -- DPC DATA, a 9-year old firm that
 provides data publishing and data management products to the financial
 industry, has expanded the scope of MuniCREDIT ANALYTICS, a database product
 that enables subscribers to view financial statements and other data
 pertaining to municipal bond issuers.
     According to DPC DATA President Peter Schmitt, the MuniCREDIT ANALYTICS
 database which has covered Airports, Higher Education, Toll Roads, Public
 Power, and Hospitals since its introduction a year ago, now includes Water &
 Sewer facilities as well.
     "We also plan to cover General Government credits in the very near
 future," he added.
     Schmitt said the database product is a valuable tool for analysts who wish
 to track the creditworthiness of an issuer for bond valuation or compliance
 purposes.
     According to Schmitt, MuniCREDIT ANALYTICS covers Water and Sewer
 facilities operated by municipalities as well as those operated by third
 parties. He added that the database of financial statements is augmented by
 extensive socioeconomic data.
     "Our socioeconomic data come from the Bureau of Economic Analysis, the
 Bureau of Labor Statistics, the Census Bureau, and others," he explained. "The
 data pertain to income levels, employment information, retail sales, and more.
 Viewed together, these data provide a remarkably clear and useful picture of
 what each community is really like."
     Executive Vice President Antonio Acevedo noted that the socioeconomic data
 can be valuable to analysts who want to gauge the relative strength of a water
 and sewer utility's service area, and to developers who want to know whether a
 population can support a certain kind of housing or business. He also stressed
 the uniqueness of the MuniCREDIT ANALYTICS database.
     "This database is a highly efficient credit monitoring tool that has
 simply never existed before," he said.  "It is remarkably detailed, accurate,
 and versatile. And all figures contained in the financial statements can be
 traced back to the original audit with a few clicks of the mouse."
     According to Acevedo, all of DPC DATA's products and services enable
 financial professionals to replace paper-intensive tasks and procedures with
 more efficient electronic methods.  "We can greatly reduce the labor, time,
 and cost associated with credit research, archiving, and document delivery,
 among other things," he said.
     In addition to marketing a portfolio of trademarked products, DPC DATA
 offers custom services in the areas of document conversion, data extraction,
 full-text indexing, software development, and Web technology.
     DPC DATA's clients include many of the nation's largest financial
 institutions. Schmitt noted that Standard & Poor's has recently taken a
 minority equity position in the firm.
     "We're gratified that a company of Standard & Poor's stature has chosen us
 as a strategic partner," he said.
 
 SOURCE  DPC DATA