Fitch Group

Fitch Group, formed in 2004, is the holding entity of financial service organizations Fitch Ratings and Algorithmics. The Fitch Group companies are committed to ratings and risk products which foster comprehensive understanding, enable better decision-making and provide improved perspective throughout the global capital markets and within individual organizations.

Fitch Ratings is a leading global rating agency dedicated to providing the world's credit markets with independent, timely and prospective credit opinions, research, and data. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade, gaining market presence and institutional acceptance throughout the world and across all fixed income markets.

Algorithmics is an internationally recognized provider of enterprise risk management solutions and services. It provides software, analytics, data content and advisory services designed to help clients make strategic decisions about managing risk, optimizing value for their shareholders and fulfilling their regulatory obligations. Algorithmics delivers solutions for market, credit and operational risk management and collateral and capital management. It was founded in 1989 and acquired by Fitch Group in January 2005.

Fitch Group reported revenue of $881.6 million for the twelve months ended September 30, 2008, compared with $988.5 million for the comparable period of 2006/2007. In Euros, Fitch Group revenue reached €586.9 million as at september 30, 2007, representing a decrease of 21.2% on a reported basis and of 16.2% on a like-for-like basis.

The rating activity through Fitch Ratings reported a revenue of €484 million, a decline of 20.3% on a like-for-like basis, while the enterprise risk solutions business through Algorithmics reported a revenue of €104.9 million, representing an increase of 8.4% on a like-for-like basis.

The consolidated recurring operating profit of Fitch Group stood at $245.7 million, versus $211.2 million for the previous fiscal year. In Euros, this profit amounted €163,6 million as at september 30, 2008 compared with €159.1 million as at september 30, 2007, an increase of 9.1% on a like-for-like basis. 

In January 2002, Fitch Ratings set up an international advisory committee to provide a prospective view of the global economy and of developments in the main international markets. The committee is chaired by former French President Valery Giscard d'Estaing, with Marc Ladreit de Lacharrière as vice-chairman.

FITCH GROUP OPERATING HIGHLIGHTS

2007/2008 FITCH GROUP REVENUE BY GEOGRAPHICAL AREA - as of september  30, 2009