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Moody’s Analytics Enhances CECL Solution to Assess COVID-19 Impact

Moody’s Analytics has added new capabilities to the ImpairmentStudio platform, our Current Expected Credit Losses solution, to help financial institutions address the implications of COVID-19 for their loan portfolios.

Community and regional banks, credit unions, and corporations using the cloud-based ImpairmentStudio solution will now be provided with a measure of COVID-19 exposure on their loan books, which takes into account demographic and epidemiological factors associated with COVID-19 as well as the efficacy of government relief programs. Adjusting Your Allowance Framework for COVID-19 and Related Stimulus Programs, a new Moody’s Analytics whitepaper, provides more information.

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Through the ImpairmentStudio platform, customers can also access award-winning Moody’s Analytics economic forecast scenarios. These scenarios are driven by different assumptions regarding the epidemiology of COVID-19, demand-side factors including monetary and fiscal policies, and longer-run structural forces like sovereign debt loads and globalization.

“Assessing and publicly reporting an estimate of loan losses over the life of their loan portfolio is a challenge for many financial institutions, and particularly so in this rapidly changing environment,” said Eric Ebel, Managing Director at Moody’s Analytics. “Our goal is for our customers to have confidence in applying the factors that are impacting the world today as part of their transition from an incurred loss framework to CECL.”

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The ImpairmentStudio platform combines Moody’s Analytics credit risk data, best-in-class analytics, and impairment accounting experience to automate and simplify the complex processes required to meet the new standard. With the ImpairmentStudio solution, institutions are able to attribute potential losses to potential loss drivers that include macroeconomic factors, changes in underlying credit quality, and COVID-19 linked repayment challenges.

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