Morningstar, Inc. rebranded Realpoint LLC's businesses under the Morningstar name.
Morningstar acquired Realpoint in May 2010, adding research, ratings, and data on structured finance securities to the company's research offerings for institutional investors.
Morningstar's structured credit research and ratings subsidiary is a Nationally Recognized Statistical Rating Organization (NRSRO) that offers securities ratings, research, surveillance services, and data to help institutional investors identify and manage credit risk in commercial mortgage-backed securities (CMBS).
"Morningstar entered the credit ratings market in December 2009 with the launch of corporate credit ratings, and we greatly expanded our credit research offerings when we acquired Realpoint," said Catherine Odelbo, president of equity and credit research for Morningstar. "Our analytical approach stresses transparency of the ratings process, strong fundamental credit analysis, and comprehensive investor-focused reporting. We'll continue to have an unrelenting focus on our advocacy for investors as we expand our business in structured finance."
In March 2011, the company expanded its ratings services to include an operational risk assessment practice, focused on evaluating commercial and residential mortgage servicing firms, loan originators, and service providers to these businesses. The new capabilities will provide investors with a comprehensive assessment of the operational risk of the parties in the securitization process and enhance the company's transaction-level ratings and analysis of mortgage-backed securities.