Municipal Credit Analysis
Built for Scale
Surface insights from disclosures in seconds, not hours. Our AI-powered data platform helps municipal credit analysts quickly and accurately identify risks, metrics, financials, and trends across thousands of disclosures.
The Challenge of Municipal Credit Analysis
Municipal credit analysts face a unique challenge: thousands of issuers, each with their own disclosure schedule, financial metrics, and risk factors buried in hundreds of pages of official statements and disclosures.
Document overload
Sifting through hundreds of pages of official statements, CAFRs, and disclosure documents to find relevant information is time-consuming and error-prone.
Time pressure
With thousands of municipal issuers to monitor and analyze, there's never enough time to conduct thorough research on every entity in your universe.
Hidden insights
Critical information about covenants, financial trends, and risk factors is often buried deep within complex documents, making it easy to miss key details.
Foundation
Entity Master: The backbone of credit intelligence
Our Entity Master is a centralized database of canonical issuers and obligors, with links between different name variations to a single source of truth.
- Link CUSIPs to financials, news, and disclosures automatically
- Handle DBAs, acronyms, and name changes transparently
- Connect extractions across different document types to the same entity
Interactive analysis
Deep Dive: Conversational credit research
Ask questions in natural language and get precise answers backed by source documents. Our AI agent navigates through official statements and disclosures to surface the information you need—with every datapoint linked back to the exact page.
- Filter by document type, filing type, and time period
- Full audit trail with page-level citations
- Follow-up questions maintain context
Based on the annual financial reports:
- • FY2024: 1.85x
- • FY2023: 1.72x
- • FY2022: 1.68x
Customizable reports
Tear Sheets: Your top facts, generated on demand
Muni analysts, PMs, and traders don't all care about the same "top facts." Create customizable tear sheets for any security and entity, choosing what matters most—key terms, security details, issuer financials, metrics, recent updates—in a clean, consistent format.
- Generate for many entities at once
- Every datapoint links to underlying source material
- Verify quickly and move with confidence
Automated extraction
Metrics: Extract any number, for any borrower, across time
Extract any financial or operational metric, for any obligor, for any time range—and be alerted when new disclosures update those metrics. Track DSCR, days cash on hand, enrollment figures, or create your own proprietary metrics.
- Each value includes formula, components, and page references
- Predefined common metrics plus fully customizable definitions
- Set alerts like "DSCR drops below 1.5x" across your universe
Ongoing monitoring
Surveillance: Alerts that keep you ahead
Build watchlists of CUSIPs and let the platform do the monitoring. Get alerted when new disclosures are published, when trade prices move, or when extracted metrics cross your defined thresholds—all without lifting a finger.
- Create watchlists and add CUSIPs in seconds
- Automated alerts for new filings, price changes, and metric breaches
- Org-wide surveillance feed with filtering by watchlist, entity, and event type
FY2025 CAFR published
Traded at 102.50 (+0.8)
DSCR dropped below 1.5x
Everything You Need in One Place
Beyond conversational analysis and automated extractions, the platform includes a full suite of tools for document discovery, portfolio analysis, and reporting
Document Search
Full-text search across 2.5M+ official statements and disclosures. Filter by issuer, document type, date range, and filing type to find exactly what you need.
Trend Analysis
View extracted metrics over time across your watchlist—by entity or by metric. Spot deteriorating credits and emerging trends across your entire portfolio.
Export & Share
Export Deep Dive sessions and tear sheets to PDF or DOCX. Share polished credit reports with your team, PMs, or investment committees in seconds.
PDF Viewer & Table Extraction
View any source document in the built-in PDF viewer. Extract tables on demand into structured, copy-paste-ready formats for your models and spreadsheets.
How It Works
Get started in minutes and transform the way you analyze municipal credits
Search for municipal borrowers by CUSIP and add them to surveillance watchlists. Group credits by portfolio, sector, or any way that fits your workflow.
Choose metrics to extract, design tear sheet templates, and set alert thresholds. Use our presets or create fully custom definitions.
New disclosures are automatically discovered, metrics extracted, tear sheets generated, and trade prices tracked—with full source attribution on every datapoint.
Review surveillance alerts, dive deeper with conversational research, explore trends across your portfolio, and export reports for your team.
Search for municipal borrowers by CUSIP and add them to surveillance watchlists. Group credits by portfolio, sector, or any way that fits your workflow.
Choose metrics to extract, design tear sheet templates, and set alert thresholds. Use our presets or create fully custom definitions.
New disclosures are automatically discovered, metrics extracted, tear sheets generated, and trade prices tracked—with full source attribution on every datapoint.
Review surveillance alerts, dive deeper with conversational research, explore trends across your portfolio, and export reports for your team.
Powered by Comprehensive Reference Data
Our Credit Intelligence Platform is built on top of our extensive municipal bond database, giving you the full context you need
Built for Your Workflow
Whether you're conducting initial research, ongoing monitoring, or in-depth analysis, our platform adapts to your needs
Initial credit assessment
Quickly evaluate a new issuer by extracting key financial metrics, covenants, and risk factors from their most recent disclosures—then export a polished credit summary.
Example use cases:
- • Generate tear sheets for 50 new bonds in your pipeline
- • Use Deep Dive to ask questions across an issuer's full document history
- • Export a PDF credit summary for your investment committee
Portfolio surveillance
Build watchlists and let the platform monitor your entire portfolio. Get alerted when new disclosures are published, trade prices move, or key metrics breach your thresholds.
Example use cases:
- • Alert when any holding's DSCR drops below covenant level
- • Track enrollment trends across charter school portfolio
- • Get notified the moment a new CAFR or disclosure is filed
Deep-dive research
Conduct comprehensive credit analysis with conversational AI, historical document search, on-demand table extraction, and trend views spanning multiple years.
Example use cases:
- • Trace revenue trends through 5 years of CAFRs
- • Extract tables from any PDF into structured, copy-paste-ready data
- • Compare metrics by entity or by metric across your watchlist
Time savings at scale
Do in minutes what previously took weeks. Automate metric extraction, tear sheet generation, and new filing detection across your full universe.
Example use cases:
- • Extract metrics from 1,000+ disclosures overnight
- • Search across 2.5M+ documents by keyword, issuer, or date range
- • Generate and export tear sheets for every entity in a watchlist
Ready to Transform Your Credit Analysis?
Join forward-thinking analysts who are using AI to extract, track, and analyse municipal credit data at scale
Book a Demo