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Fitch Ratings

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Fitch Ratings
An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. Formerly called Fitch Investors Service.

Fitch Ratings
A credit rating by Fitch. As with other credit ratings, a Fitch rating measures the level of risk associated with a particular issuer of debt securities. Credit ratings are extremely important to some issuers, as banks are only allowed to invest in low-risk debt securities. Fitch is one of only 10 firms the SEC recognizes as a credit rating agency, and, along with S&P and Moody's, it is one of the three most prominent. However, the methods of credit ratings agencies have been subject to criticism. For example, most agencies gave high-risk mortgage-backed securities top ratings until they defaulted.


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Exemplifying this change, Fitch Ratings has signed an 11-year, 66,256-square-foot lease at Broad Financial Center in Downtown Manhattan.
LONDON & CHICAGO & NEW YORK -- Fitch Ratings has formed a global analytical working group that will rate all forms of insurance-linked securities, including catastrophe bonds, redundant reserves (Regulation XXX), disability income, catastrophic mortality and embedded value transactions.
NEW YORK & LONDON -- Fitch Ratings Limited today announced that it had entered into a sale and purchase agreement with several parties, the largest of which is Hanil Cement Co.
 
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