The Info List - Fitch Ratings

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FITCH RATINGS Inc. is one of the "Big Three credit rating agencies ", the other two being Moody\'s and Standard & Poor\'s . It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975.

Fitch Ratings is dual-headquartered in New York, USA, and London, UK. Hearst owns 80% of the company following its acquisition of an additional 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst’s previous equity interest was 50% following expansions on an original acquisition in 2006.

The remaining 20% of Fitch is owned by FIMALAC SA, which will hold 50% of votes within the Board until 2020. Fitch Ratings and Fitch Solutions are part of the Fitch Group.

The firm was founded by John Knowles Fitch on December 24, 1914 in New York City as the Fitch Publishing Company. It merged with London-based IBCA Limited in December 1997. In 2000 Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April) and Thomson Financial BankWatch (December).

Fitch Ratings is the smallest of the "big three" NRSROs, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "tie-breaker" when the other two agencies have ratings similar, but not equal, in scale.

In September 2011, Fitch Group announced the sale of Algorithmics (risk analytics software) to IBM for $387 million. The deal closed on October 21, 2011.


* 1 Investment Scale * 2 Short-term credit ratings * 3 Fitch Solutions * 4 Criticism * 5 See also * 6 References * 7 External links


Fitch Ratings' long-term credit ratings are assigned on an alphabetic scale from 'AAA' to 'D', first introduced in 1924 and later adopted and licensed by S&P. ( Moody's also uses a similar scale, but names the categories differently.) Like S">

* ^ Group, Fitch. "2011 Fiscal". FIMALAC. Retrieved 26 March 2012. * ^ https://www.fitchratings.com/about * ^ http://www.juneauempire.com/stories/050509/opi_436594375.shtml * ^ http://hugin.info/143461/R/1601708/505879.pdf * ^ Tomlinson, Richard; Evans, David (2007-06-01), "CDOs mask huge subprime losses, abetted by credit rating agencies", _International Herald Tribune_ * ^ Linden, Alexandre; Neugebauer, Matthias; Schiavetta, John; Zelter, Jill; Hardee, Rachel (2007-04-18), _First Generation CPDO: Case Study on Performance and Ratings_