Peabody's bankruptcy forecasted by CreditPulse thrice in its reports

Peabody's bankruptcy forecasted by CreditPulse thrice in its reports - based on textual analysis through Machine Learning. End Quote

(1888PressRelease) May 20, 2016 - Peabody Energy Corp, the world's biggest private-sector coal producer, filed for Chapter 11 Bankruptcy on 13 April, 2016; the biggest U.S. corporate bankruptcy in terms of liabilities this year.

CreditPulse, in its release today stated that its proprietary Machine Learning technology analysed management discussions included in Peabody's regulatory filings, and thrice categorized the company as 'high risk' of credit default. These reports were generated in the months of August and November 2015, and March this year; immediately after Peabody's quarterly filings.

CreditPulse, developed by AlgoCircle, is a tool aided by Machine Learning technology that carries' out textual analysis of the latest SEC filings, to provide an unbiased view of possible bankruptcy filings in short to medium timeframe.

"As per a recent Financial Times article, corporate borrowers across the world have defaulted on $50 bn of debt so far this year and prediction is that the next 12 months will produce more defaulters. Thus with CreditPulse, we aspire to provide Risk Professionals and Fund Managers that extra layer of protection" said Avik Sengupta, CEO of AlgoCircle.

AlgoCircle was founded to help firms operating in the financial services industry with algorithmic solutions that automate the extraction of research intelligence from structured and unstructured data. The company uses the tools of machine learning and big data to glean insights that human researchers cannot independently generate!

Visit the website at http://algocircle.com/

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