"We are happy to provide KBRA with an information advantage - far surpassing what most companies have - that ultimately will result in more informed ratings," said Jeff Curie, chief executive officer of Bitvore Corp.

Bitvore Corp. said Kroll Bond Rating Agency adopted its obligor intelligence platform, the first credit rating service to provide its analysts with the proactive credit surveillance of the municipal finance market.

The platform allows KBRA to apply advanced intelligence systems to augment its analysis of the increasingly volatile credit situations across the municipal market, according to the Tuesday release.

"We are delighted to partner with KBRA to help them be among the best informed rating agencies," said Jeff Curie, Bitvore's president and chief executive officer. "There are thousands of news sources covering material situations across thousands of issuers; with Bitvore's automation of this information, the KBRA team is able to stay in front of the market and provide timely and transparent credit analysis. We are happy to provide KBRA with an information advantage — far surpassing what most companies have — that ultimately will result in more informed ratings."

Bitvore identifies issuer situations by monitoring 17,000 news sources of local and national information to pinpoint more than 300 material changes that affect credit.  It covers all the issuers of muni bonds in the U.S. and territories.

"As we continue to grow exponentially within the Public Finance space, we need to continuously monitor our ratings and Bitvore's automated portfolio surveillance system delivers a new level of transparency across the market in just a few minutes a day," said Jim Nadler, president of KBRA.

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