Who is Merritt Research?
Merritt Research Services, LLC is an independent research and data
provider focused on credit information related to municipal bonds. Our
goal is to maintain an active database of financial information for the
universe of municipal borrowers.
What does Merritt Research do?
1. Merritt Research collects and aggregates continuing disclosure
information from municipal borrowers. We do this by actively requesting
annual and quarterly financial statements from the borrower, NRMSIR or
other delivery agents.
2. We standardize the financial statements and enter the
information into our database. This time-saving feature provides a wealth
of analytical opportunity to review financial ratios without entering the
raw data points into a spreadsheet. Examples of these benefits include
looking up the Debt Service Coverage number for the Long Island Power
Authority or screening the database for all hospitals with more than 200
Days Cash on Hand.
3. We scan the documents into our database for automatic retrieval
by our clients. In addition, we catalog documents by common names. There
is no more need to track down the name and address of the CFO, instead
Merritt users type in a borrower name and can immediately download the
annual and quarterly statements.
4. We provide immediate support. Our clients interact with our
financial statement analysts on a regular basis. Consider us an extension
of your own research staff, we’ll help you find information from a
borrower or explain what we included in the Board Designated Assets.
5. We aggregate meaningful information in one place. Use our
products to look up a borrower, retrieve annual/quarterly reports, and
obtain financial and other credit defining qualifiers such as key
statistics, current event memos and socio-economic indicators.
Why consider Merritt Research?
Over the past fifteen years Merritt Research has developed and refined our
practice to provide the most accurate financial statement data available.
Our analysts typically have accounting or finance backgrounds and are
groomed to rigorously evaluate and analyze financial statements. We are
continually assessing our approach to the analysis by regularly
incorporating new accounting standards and other changes in statement
presentation. Our analysis goes beyond the balance sheet and income
statement; we continually peruse the financial notes and when necessary,
will call the CFO or auditor to clarify the financial presentation. This
expertise and focus on the analysis of financial statements ensures our
ability to standardize and present the financial condition of municipal
borrowers consistently and accurately.