New credit rating service Litmus Analysis enters the financial market

wrist-watch

A new credit ratings analysis service, which aims to clarify how ratings are calculated, has been launched.

Litmus Analysis has been designed to focus on the financial stresses that can negatively affect a rating, with the company claiming it will allow brokers to give a better service to their clients.

The firm has already formed relationships with ratings agencies Standard & Poor's (S&P) and AM Best and will be looking to work with Fitch in the near future. The basic service can be purchased as an email alert that tracks ratings and can be scaled up to include interpretative text in plain English

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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