Kamakura Corp. has expanded the number of default probability correlations offered on its Kamakura Risk Information Service (KRIS). Kamakura now offers 896 million correlations between the default probabilities of all possible pairs of companies formed from its 16,000-company KRIS service. KRIS includes correlations for default probability maturities of one month, three months, six months, one year, two years, three years and five years. Pair-wise default probability correlations are essential to accurate pricing and valuation of collateralized debt obligations. Separately, Kamakura has released credit model performance tests to clients for version 4.0 of KRIS. Version 4.0 will be launched officially in the second quarter.

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