General information

Having completed the sale of hand tools business Facom Tools on January 1, 2006, FIMALAC has withdrawn from European countries with low growth rates and from low added-value manufacturing businesses.

Now focused exclusively on financial services with ratings and financial risk management businesses, our Group has become a pure player in this sector. Our overriding objective is to build this business and we have no plans to branch out into any new business areas.

FIMALAC operates through two companies of financial services :

FITCH RATINGS :
a New-York based company specialized in financial ratings, the world's third largest ratings agency.

ALGORITHMICS:
a Toronto-based company specialized in financial risk management, with a broad international presence.

Fitch Ratings and Algorithmics have been combined under the Fitch Group banner. As of 09/30/06 (9 months), Fitch Group reported revenues of nearly $565 million, with around 2800 employees.