Morningstar Credit Analytics launches Corporate Credit Analytics

Morningstar (MORN) Credit Analytics launched Corporate Credit Analytics, a new set of tools designed to bring greater transparency and consistency to private credit analysis. The company said, “Corporate Credit Analytics is built to address a growing challenge in private credit analysis: fragmented, non-comparable data, a gap the Financial Stability Board identified in its 2026 private credit report. The platform brings three tools together designed to create consistent, comparable credit analysis: Data Explorer surfaces aggregates of real company financial statements and loan-level data sourced from private company disclosures, rather than public comparables. The data set includes approximately 80 metrics spanning financial statements, debt schedules, covenant thresholds, credit estimates, and key credit ratios including EBITDA to interest expense, debt to EBITDA, cash flow to debt, leverage, and liquidity. Data Overview provides configurable visualizations of trends, ratio distributions, and key performance metrics across private credit rating categories and industries, supporting portfolio insights and effective communication with investment committees and stakeholders. The Credit Estimate Tool generates ratings-aligned credit risk scores for private and limited-disclosure borrowers using methodologies consistent with Morningstar DBRS frameworks. Outputs are mapped to familiar rating categories and benchmarked against aggregated segment statistics by industry, region, and credit quality.”