Fitch Ratings

[5][6] Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction.

[8] In 2000, Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April)[9] and Thomson Financial BankWatch (December).

[10] In September 2011, Fitch Group announced the sale of Algorithmics (risk analytics software) to IBM for $387 million.

There were large losses in the CDO market that occurred despite being assigned top ratings by the CRAs.

[20] However, differently from the other agencies, Fitch was warning the market on the constant proportion debt obligations (CPDO) with an early and pre-crisis report highlighting the dangers of CPDOs in 2007.