Sequent Energy Management Signs Up for Rapid Ratings International's Counterparty Risk Management Service
Rapid Ratings™ International Inc. announced today that Sequent Energy Management, LP ("Sequent"), based in Houston, TX, has subscribed to Rapid Ratings' suite of products for measuring corporate counterparty risk and supply chain risk exposures.
New York NY (PRWEB) June 10, 2009 -- Rapid Ratings™ International Inc. announced today that Sequent Energy Management, LP ("Sequent"), based in Houston, TX, has subscribed to Rapid Ratings' suite of products for measuring corporate counterparty risk and supply chain risk exposures.
Sequent, a wholly owned subsidiary of Atlanta-based AGL Resources Inc. (NYSE:AGL), will use Rapid Ratings' Financial Health Ratings (FHRs™) and Estimated Probabilities of Default (EPD) to evaluate and manage the risks associated with both public and private companies that are vendors and suppliers to Sequent.
"Rapid Ratings will be added to our suite of tools used to assist in monitoring and evaluating the financial health of our counterparties" said Denis Vermette, Managing Director, Sequent Energy Management and current President of the International Energy Credit Association (IECA). "Using Rapid Ratings' FHR and EPD will allow us to be more proactive in monitoring credit risk and mitigating our exposure in advance of a credit event. I have always considered our Credit Department to be 'cutting edge' but I think adding these additional tools to our tool chest will make us even better, giving us a further competitive advantage."
"Rapid Ratings is excited to be a part of Sequent's risk management strategy," said James H. Gellert, Chairman and CEO of Rapid Ratings. "Sequent Energy Management and Denis Vermette, personally, are both highly respected in the energy risk management community. We are pleased to be working with Sequent as a valuable input to its counterparty risk management process. I am confident that our analytical tools will add value to Sequent's already strong risk management capabilities. "
About Sequent Energy Management
Sequent Energy Management, LP, a wholly owned subsidiary of AGL Resources Inc. (NYSE: AGL), is a Houston, TX-based entity focusing on asset management and optimization, producer services, wholesale marketing and risk management. More information on Sequent Energy Management, LP can be found at www.sequentenergy.com.
About Rapid Ratings International
Rapid Ratings International, based in New York City, is an independent rating and analytics firm that provides ratings of thousands of companies' financial health for investment and risk management professionals, using a unique, proprietary quantitative ratings system. Rapid Ratings' Financial Health Ratings (or FHRs™) measure a company's overall ability to remain competitive into the future and provide early, actionable information so that users can evaluate credit risk more accurately, as well as make more well-informed investment and trading decisions. Rapid Ratings' customers include corporations, as well as sell-side and buy-side financial institutions. More information on Rapid Ratings International can be found at www.rapidratings.com.
Rapid Ratings International
86 Chambers Street, Suite 701
New York, NY 10007
646-233-4600
www.rapidratings.com
Contact: Lew Koflowitz
High Impact Marketing Communications
(914) 924-5311
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