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Fitch Ratings Adds Two Managing Directors To QFR Group.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 has hired Greg M. Gupton and Bill Hunt as Managing Directors in the agency's Quantitative Financial Research group (Fitch QFR QFR Quick File Rename
QFR Quality Financial Reporting
QFR Quantitative Financial Research
QFR Question for the Record
QFR Quality Fitness Review
QFR Quarterly Force Revision
).

Gupton, who created the first security-level LGD LGD Loss Given Default
LGD Livestock Guardian Dog
LGD Low-Grade Dysplasia (abnormal cells, such as those found when doing a biopsy)
LGD Laboratory of Genomic Diversity
LGD Lou Gehrig's Disease
 forecasting model, will focus on LGD, Exposure at Default issues, and also conduct credit research on the corporate finance and insurance sectors. Hunt's focus will be on credit modeling for residential mortgage-backed securities and the other major structured finance arenas. Both report directly to Fitch QFR global head Ahmet E. Kocagil, Ph.D.

"Through his authorship of CreditMetrics and www.DefaultRisk.com website to his track record with JP Morgan and other rating agencies, Gupton has been a leading force in developing internal credit risk methodologies for over 20 years, so his vast experience is a huge asset for Fitch QFR," said Kocagil. He added: "Hunt's extensive work in credit risk modeling for Structured Finance, as well as his expertise in portfolio optimization, capital allocation, risk-based pricing, and market risk will notably benefit Fitch QFR from a quantitative modeling standpoint."

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide.
 of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental  are also available from the 'Code of Conduct' section of this site.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 27, 2006
Words:234
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