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In the Asia-Pacific region, Standard & Poor's has been voted most influential ratings agency by Finance Asia magazine, and Ratings Agency of the Year 2001 by INSTO.
The bank rating services currently offered worldwide by BankWatch will now become part of Fitch, Fimalac's international ratings agency.
Fimalac, the diversified French operating company, today announced that its wholly-owned subsidiary Fitch, the world's third largest ratings agency, has acquired BankWatch, the leading ratings agency specializing in banks and financial institutions, from the Thomson Financial group of Canada.
Following the completion of regulatory approval, the bank rating services currently offered worldwide by BankWatch, through Thomson Financial, will become part of Fitch, Fimalac's international ratings agency.