Fitch Firm Renovates Its Name
NU Online News Service, Jan. 29, 1:07 p.m. EST?Fitch, the global credit ratings and research provider in New York, announced today that it will now operate under the name Fitch Ratings.
Stephen W. Joynt, president and chief executive officer, said the company was rebranding itself as Fitch Ratings "as a declaration to the market of our total commitment to be the preeminent provider of high quality credit ratings and research."
Mr. Joynt declared, Fitch Ratings activity and acquisitions have "solidified our position as one of the three major rating agencies, forging an organization with the depth and breadth to meet the increasing global demand for credit ratings.'"
Fitch Ratings also said it has changed design of its logo. According to Mr. Joynt, the new logo will communicate "that Fitch Ratings is a singular company with a singular goal?[to] become the rating agency that investors rely on for prospective, unique and accurate credit insight."
Fitch said it now rates over 800 insurance companies plus over 70 sovereigns and has a rating presence in 75 countries and 40 offices worldwide. Fitch rates over 2,000 financial institutions, 1,000 corporations and maintains surveillance on 3,300 structured financings and 17,000 municipal bond ratings in the U.S. tax-exempt market.
Fitch has dual headquarters in New York and London and is wholly owned by FIMALAC, Paris.
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