Fitch Ratings Completes Acquisition of ValuSpread.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. Ltd., a Fitch Group, Inc. company, has completed its acquisition of ValuSpread, a credit derivative pricing data business, from Lombard Risk Management plc. Please refer to the press release of Aug. 9 for additional details. About Fitch Group Fitch Group, Inc. is the parent company of Fitch Ratings, Fitch Training, and Algorithmics. Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France. About Fimalac FIMALAC is an international business support services group based in Paris, with offices and operations in 40 countries and 7,500 employees around the world. The company's focus comprises two main areas; financial services through the operations of Fitch and industrial services through diversified operations in the hand tool and garage equipment markets with FACOM. Mr. Marc Ladreit de Lacharriere is the founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FIMALAC and is also Chairman of Fitch. About Lombard Risk Lombard Risk Management plc has 15 years of experience in providing trading and risk management systems to the financial markets. It provides software and independent valuation services that allows customers to value and manage risk on a wide variety of financial instruments. Lombard is headquartered in London with offices in New York, Hong Kong, and Cape Town. The company was admitted to the London Stock Exchange's AIM in September 2004 and has the ticker symbol LRM LRM Language Reference Manual LRM Casa De Campo, Dominican Republic (Airport Code) LRM Long Range Missile LRM Line Replaceable Module LRM Local Resource Manager LRM Line-Reflect-Match LRM Land Resources Management . 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. |
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