RMA's premier source for private-firm financial data converted from SIC Codes to NAICS this fall. It also has added 35 new industries to its Financial Ratio Benchmarks publication and 90 new industries to its companion publication, Industry Default Probabilities and Cash Flow Measures.
Philadelphia (November 10, 2003)—The 2003-2004 edition of RMA’s Annual Statement Studies, released in October, uses the North American Industry Classification Codes (NAICS) for the first time. It also references the Standard Industrial Classification (SIC) codes used in the past. RMA will continue to reference the SIC codes in its annual publication until 2005, when it will use only NAICS.
The U.S. Small Business Administration (SBA) adopted the NAICS on October 1, 2000, believing it would more accurately reflect the composition of today's small business sector, especially the newer portions like the fast-growing technology area. The following year, RMA began referencing the NAICS codes.
This year, RMA also has expanded Annual Statement Studies by adding 35 new industries to its Financial Ratio Benchmarks publication and 90 new industries to its companion publication, Industry Default Probabilities and Cash Flow Measures (IDP). Information in the IDP book is now presented as a two-page spread and sorted by historical data, assets and sales.
Annual Statement Studies: Financial Ratio Benchmarks, a best-selling RMA product for more than 85 years, is the only source of financial ratio benchmarks derived directly from more than 150,000 statements of financial institution borrowers and prospects. These financial statements come directly to RMA from our member institutions, which get their data directly from the customer.
Annual Statement Studies: Industry Default Probabilities and Cash Flow Measures contains probability of default estimates, cash flow measures, and change in financial position information for more than 500 industries. It brings together the power of Moody’s RiskCalc™ for private companies and the Statement Studies database to provide distribution statistics on one-year and five-year probability of default estimates by industry. The new benchmarks add substantial value to the critical analysis of cash flow for private companies.
"Annual Statement Studies has always been a great benchmarking tool for lenders and credit analysts, but thanks to the new coding system and the expansion of industries covered, it is even better,” said Mark Zmiewski, RMA’s director of information products. “The trend data in Annual Statement Studies covers the past four years, providing the most up-to-date information for the current period and allowing for quick comparisons with the past four periods.”
The cost of Annual Statement Studies is $145 for nonmembers and $59 for RMA members. The companion publication, Annual Statement Studies - Industry Default Probabilities and Cash Flow Measures also costs $145 for nonmembers and $59 for members. Information can be also be purchased by region or by industry. More information about Annual Statement Studies and its new companion publication is available on RMA's Web site, www.rmahq.org, or by calling Customer Care at 1-800-677-7621.
About RMA
Founded in 1914, RMA—The Risk Management Association is a member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk.
Headquartered in Philadelphia, Pennsylvania, RMA has about 3,000 institutional members that include banks of all sizes as well as nonbank institutions. They are represented in the Association by 16,000 commercial loan, credit, and risk management professionals in the 50 states, Puerto Rico, Canada, and numerous foreign cities, including Hong Kong, Singapore, Melbourne, and London. For more information, contact Kathie Beans at
215-446-4095.
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