# Fitch Ratings
Who / What
Fitch Ratings is an American-British credit rating agency specializing in evaluating the financial health and creditworthiness of borrowers, issuers, and entities across various sectors. As one of the three major global credit rating agencies (alongside Moody’s and S&P Global), it provides ratings to inform investors, lenders, and policymakers about risk levels.
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Background & History
Fitch Ratings was founded in **1913** as **Fitch IBCA** (Investment Banking Company of America) in New York City. Originally established to provide investment advice, the company expanded into credit ratings during the 1950s and 1960s, becoming a key player in financial markets. In **2008**, it underwent restructuring as part of broader industry consolidation, adopting its current name, Fitch Ratings, Inc., while maintaining its British subsidiary (Fitch UK). The company has since grown into a global leader in credit ratings, expanding operations internationally.
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Why Notable
Fitch Ratings plays a critical role in the global financial system by assessing risk for bonds, loans, and corporate entities. Its ratings are widely used to influence investment decisions, debt issuance, and regulatory compliance. As one of the "Big Three" agencies (alongside Moody’s and S&P Global), it is recognized for its rigorous methodologies and extensive coverage of markets worldwide. The agency’s influence extends beyond finance, shaping economic policies and market stability.
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In the News
Fitch Ratings remains a key player in the evolving credit rating industry, adapting to regulatory changes and technological advancements. Recent developments include increased scrutiny over its practices due to concerns about algorithmic bias and transparency, alongside efforts to expand digital services for clients. Its ratings continue to be pivotal in markets facing volatility, particularly during economic downturns or geopolitical uncertainties.
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Key Facts
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