IntraLinks Inc., a global communications network and extranet service provider for business-to-business financial transactions, is partnering with Standard & Poor's (S&P) to give Agent Banks and institutional investors using IntraLinks access to S&P's bank loan ratings and credit reports via an electronic link on IntraLinks's host site.

IntraLinks offers banks an electronic system for managing loan syndications. The system is used by institutions such as J.P. Morgan, Bank of America and PNC Bank. The original system, launched last fall, was essentially a document distribution system; a new product, called IntraAgency, allows the administration of these loans. "As the syndicated loan market evolves into what I would call a real securities market, and syndicated loans are bought, sold and traded like conventional securities, the infrastructure of a real securities market is required. IntraLinks is providing some of that infrastructure," says S&P director of bank loan ratings Steven Bavaria.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.