T-REX Teams with Morningstar Credit Ratings to Provide Fintech Platform to Accelerate Expansion in Renewable Energy and PACE
NEW YORK – November 3, 2016 – T-REX, a fintech company focused on renewable energy financial analytics, announced today that it will provide its proprietary fintech software-as-a-service (SaaS) to Morningstar Credit Ratings, LLC, a nationally recognized statistical ratings organization. T-REX’s platform efficiently and precisely evaluates and rates renewable energy-related bond issuances.
“We are delighted to collaborate with Morningstar and see it as mutually beneficial in a variety of ways,” commented Benjamin Cohen, founder and CEO of T-REX. “Using our proprietary fintech platform, we can help Morningstar remove friction in examining models from different issuers, enabling more thorough and efficient evaluation and risk analysis. At the end of the day, the entire industry, from issuers to banks to investors, stands to benefit from this arrangement. Renewable energy asset-backed security (ABS) issuers will be able to secure a Morningstar credit rating more smoothly, while investors will be able to seamlessly view and interact with Morningstar’s risk scenarios on the T-REX platform during their financial diligence process.”
Morningstar Credit Ratings offers ratings and analytical services for commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), single-family rental securities, asset backed securities (ABS), and corporate issuers and financial institutions. Since late 2009, Morningstar Credit Ratings has rated 291 structured finance transactions representing approximately $180 billion of securities issuance across various types of CMBS, RMBS, and ABS.
About T-REX
T-REX is a fintech company that makes renewable energy finance more transparent and efficient. Through its secure, enterprise SaaS platform, T-REX provides the valuation, risk analysis, and structuring tools to unlock investment opportunities for hundreds of billions of dollars of capital to flow into renewable energy assets. Investors, asset managers, and developers are empowered to efficiently and transparently finance, securitize, and manage portfolios of renewable energy assets through the T-REX platform.
For more information, visit www.trexgroup.com or connect with the company on Twitter and LinkedIn.
Media Contact:
T-REX:
Bill Douglass, (646) 504-0890
bill.douglass@sparkpr.com