Fitch Ratings acquires Reoch's credit derivatives analytics business
Fitch Ratings Ltd, a Fitch Group, Inc. company, has acquired the credit derivatives analytics business of Reoch Credit Ltd including Reoch Credit's suite of pricing and risk analytics models (July 2006)
"The acquisition of Reoch Credit's model suite and the arrival at Fitch of specialists like James Wood and his team further enhances Fitch's established data, analytics and research initiatives that provide the capital markets with forward-thinking and greater transparency in this burgeoning market," said Stephen Joynt, Chief Executive Officer, Fitch Ratings. "This acquisition is a testament of our commitment to broaden our Credit Derivatives risk analytic services to provide the market with insight for both credit and market risk. RAP CD provides market-proven pricing and risk functionality driven by experienced quantitative thinkers."
"Fitch's new market risk platform adds a valuable dimension to its traditional strength in credit risk evaluation," added James Wood. "I am very excited by the opportunity to join Fitch at this time and look forward to leading many new and compelling initiatives."
