Fitch Ratings
- Company typePrivate
- Founded1914
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
Fitch Ratings firmographics
Firmographics- Name
- Fitch Ratings
- Legal name
- Fitch Ratings, Inc.
- Website
- https://fitchratings.com
- Company type
- Private
- Founded year
- 1914
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Fitch Ratings industry classification
Industry- Product category
- Credit Rating Services
- NAICS
- Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)
- SIC
- Asset-Backed Securities (6189)
- akta.pro primary industry
- Structured Finance Ratings & Surveillance (FSACACAI)
- akta.pro secondary industries
- Leveraged Finance & Loan Credit (Loans/Lev Loans/Loan CLOs) (FSAHAGAI), Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH)
Keywords
Where Fitch Ratings is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Fitch Ratings business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Issuer Rating Fees: Fitch Ratings charges issuers (corporations, governments, financial institutions) fees for credit rating services. These are typically one-time fees for initial ratings and ongoing surveillance fees for maintaining ratings.
- Subscription Services: Fitch generates revenue through subscription fees for access to Fitch Ratings research, data, and analytical tools via the Fitch Ratings PRO platform and other subscription products. Subscriptions are sold to institutional investors, asset managers, banks, and other market participants who use Fitch's credit intelligence.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription with full platform access |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Fitch Ratings product offering
Product offeringCore offering
Fitch Ratings provides independent credit ratings, research, and analytical tools to global financial markets across sovereigns, corporates, financial institutions, and structured finance. The company monetizes through issuer rating fees (initial ratings and ongoing surveillance) and subscription access to its Fitch Ratings PRO integrated platform delivering ratings, data, Excel add-ins, APIs, enterprise feeds, and GenAI-powered Fitch Genie research assistance. Coverage spans Banks, Corporates, Insurance, Sovereigns, Structured Finance, CLOs, Covered Bonds, and Public Finance with regional presence in 30+ countries.
Product overview
Fitch Ratings operates as a credit ratings and research provider offering a unified platform architecture centered on Fitch Ratings PRO, which delivers ratings, research, data, and analytical tools across multiple channels (web platform, Excel Add-in, API, and enterprise feeds). The platform integrates GenAI capabilities through Fitch Genie for natural language research assistance. Supporting products include specialized data tools for CMBS and CLO surveillance, structured finance comparison analytics, rating performance metrics, and sector-specific research publications including the Islamic Finance Compendium. Fitch provides coverage across Banks, Corporates, Insurance, Leveraged Finance, Sovereigns, Structured Finance, CLO & Structured Credit, Covered Bonds, and Sovereigns & Economics sectors, with regional presence in Europe, North America, Africa, Asia-Pacific, Latin America, and Middle East.
Differentiator
Problem solved
Functional benefit
Products and services
- Fitch Ratings PRO Integrated credit ratings and research platform providing institutional clients access to Fitch ratings, data, custom dashboards, precision search, templates, alerts, and analytical tools. Available via web platform, Excel add-in, API connectivity, and enterprise data feeds. Includes Fitch Genie GenAI research assistant.
- Fitch Genie GenAI-powered natural language research assistant integrated within the Fitch Ratings PRO platform, enabling natural language queries and analysis of Fitch credit research and ratings data.
- CMBS Analytical Data Commercial Mortgage-Backed Securities analytical data providing transparent, multi-layered transaction insights from Fitch's latest rating actions. Available via the interactive Fitch Ratings CMBS Portal or API.
- CLO Surveillance Collateralized Loan Obligation loan monitoring and holdings surveillance tool within Fitch Ratings PRO, providing deal performance, Fitch Model Implied Ratings, and issuer exposure analytics for CLO portfolios.
- Structured Finance Compare Tools Analytics tool allowing users to select a portfolio of structured finance transactions and compare their performances against Fitch benchmark indices and macroeconomic indicators.
- Rating Definitions Interactive tool and downloadable report explaining Fitch's rating scales and definitions across credit ratings.
- Islamic Finance Compendium Comprehensive collection of Fitch's Islamic finance research and thought leadership produced by Fitch's dedicated team of analysts, covering Sharia-compliant financial products and markets.
- Transition and Default Studies Annual studies and methodology documentation analyzing rating transition probabilities and default rates across Fitch's rated universe.
- Best/Worst Case Scenario Ratings Analytical tool providing best-case and worst-case rating scenarios by sector based on historical performance data.
- Research & Data Subscriptions Subscription services providing expert insights, robust data, and advanced analytical tools for risk assessment and portfolio analysis, distributed by Fitch Solutions to institutional clients.
Companies that use Fitch Ratings
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Fitch Ratings technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Fitch Ratings partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Fitch SolutionscoreFitch Solutions is a subsidiary of Fitch Group that distributes Fitch Ratings research and data. Fitch Solutions offers complementary data products and analytics to institutional clients.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Fitch Ratings competitors and assessment
Company assessmentDirect peers
- Moody's: Moody's is one of the other two NRSROs globally and Fitch's closest competitor. Moody's offers overlapping credit ratings, research, and analytics across the same sovereign, corporate, financial institution, and structured finance segments.
- S&P Global Ratings: S&P Global Ratings is the third major NRSRO and Fitch's direct competitor across sovereign, corporate, financial institution, and structured finance ratings, with highly comparable subscription platforms (S&P Capital IQ Pro).
- DBRS Morningstar: DBRS Morningstar is the fourth-largest NRSRO with a strong franchise in structured finance and Canadian mid-market ratings, directly competing with Fitch for the same rated entities and institutional subscribers.
- KBRA (Kroll Bond Rating Agency): KBRA is an NRSRO specializing in structured finance, insurance, and middle-market corporate ratings. It competes with Fitch especially in CLO surveillance, CMBS, and private credit ratings.
- Egan-Jones Ratings: Egan-Jones is an NRSRO providing corporate, financial institution, and sovereign ratings with an unsolicited-rating heritage; competes with Fitch on smaller and middle-market issuer mandates.
Regional players
- Japan Credit Rating Agency (JCR): JCR is one of Japan's leading domestic rating agencies recognized as an ECAI in Japan; competes with Fitch Bohua and Fitch APAC in Japanese and Asian cross-border debt mandates.
- China Chengxin International Credit Rating: China Chengxin (CCXI) is a major domestic Chinese rating agency that competes with Fitch Bohua for Chinese onshore and cross-border bond issuance ratings.
- CRIF Ratings: CRIF Ratings is an ECAI-recognized European rating agency focused on SMEs and structured finance in Italy and broader Europe, competing with Fitch's European structured finance franchise.
Broad incumbents
- S&P Global (S&P Dow Jones Indices & Market Intelligence): S&P Global's indices and market intelligence platforms compete with Fitch Ratings PRO and Fitch Solutions for enterprise subscriptions and credit data distribution to institutional investors.
Others
- Bloomberg: Bloomberg is not an NRSRO but is a major alternative credit data and analytics provider; its terminal and credit product suite compete with Fitch Ratings PRO for institutional workflow share and budget.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Fitch Ratings social profiles
Digital presenceFitch Ratings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fitch Ratings leadership team
Management profileNumber of profiles
Profiles5 records
Fitch Ratings subsidiaries and ownership
Company hierarchySubsidiaries3 records
Fitch Ratings funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fitch Ratings M&A and investment
M&A and investmentM&A3 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fitch Ratings
What does Fitch Ratings do?
Fitch Ratings provides independent credit ratings, research, and analytical tools to global financial markets across sovereigns, corporates, financial institutions, and structured finance. The company monetizes through issuer rating fees (initial ratings and ongoing surveillance) and subscription access to its Fitch Ratings PRO integrated platform delivering ratings, data, Excel add-ins, APIs, enterprise feeds, and GenAI-powered Fitch Genie research assistance. Coverage spans Banks, Corporates, Insurance, Sovereigns, Structured Finance, CLOs, Covered Bonds, and Public Finance with regional presence in 30+ countries.
Is Fitch Ratings a public or private company?
Fitch Ratings is a private company. It is classified as corporate owned and is currently operating.
When was Fitch Ratings founded?
Fitch Ratings was founded in 1914. It employs 1,001 to 5,000 people.
Where is Fitch Ratings based?
Fitch Ratings is headquartered in New York, United States, in the North America region.
How does Fitch Ratings make money?
Two revenue lines are on record. Issuer Rating Fees are the primary driver. The others are subscription Services.
Who are Fitch Ratings's main competitors?
Direct peers on record are Moody's, S&P Global Ratings, DBRS Morningstar, KBRA (Kroll Bond Rating Agency) and Egan-Jones Ratings. Regional players are Japan Credit Rating Agency (JCR), China Chengxin International Credit Rating and CRIF Ratings. S&P Global (S&P Dow Jones Indices & Market Intelligence) is listed as a broad incumbent. Bloomberg is listed as an others.
Does Fitch Ratings have an API?
Yes. Fitch Ratings exposes a public API. Developer documentation is at www.fitchratings.com/research-and-data.
What industry is Fitch Ratings in?
Fitch Ratings's product category is Credit Rating Services. Its primary akta.pro industry code is FSACACAI, Structured Finance Ratings & Surveillance, with a secondary code of FSAHAGAI, Leveraged Finance & Loan Credit (Loans/Lev Loans/Loan CLOs). Its NAICS code is 522 and its SIC code is 6189.