Sberbank, a Russia-based financial services firm, has selected Fitch solutions' credit research and peer analysis tool to help enhance its existing counterparty risk reduction strategy.

Sberbank will subscribe to Fitch’s credit research on global financial institutions and sovereigns, as well as have access to its peer analysis tool which allows users to perform detailed peer analysis of more than 100 sovereigns and over 17,000 public and private banks.

Fitch Solutions said its Global Financial Institutions and Sovereigns package provides subscribers with access to: full credit rating reports, topical market commentaries, sector research reports, organizational capital and balance sheet data, and customizable portfolios with email notification.

Fitch claims that the peer analysis tool enables users to run 90 key financial ratios and review over 10 years of historical data in order to minimize their potential levels of risk exposure.