THOMSON SELLS BANKWATCH RATINGS SERVICE; ACQUIRES ARGENTINIAN PUBLISHER.The Thomson Corp. (Toronto, ON), through its Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings division, has agreed to sell its BankWatch ratings business to Fimalac (Paris), the French diversified diversified (di·verˑ·s services group. Following the completion of regulatory approval, the bank ratings services Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. offered through BankWatch will become a part of Fitch (London), Fimalac's international ratings agency. In exchange, Thomson will hold a 3.4% minority interest in Fitch. Fitch provides rating and research for capital market investors worldwide. Clients include financial institutions, insurance companies, and public finance markets. BankWatch rates companies and related entities in 75 countries and has 1100 employees. Thomson Financial president/ceo Pat Tierney said "we are enthusiastic about the prospects of this newly combined entity, which is why we will maintain an equity in the business." Fitch said the deal "will Strengthen our international banking coverage." In related news, Thomson has purchased La Ley S LEY. This word is old French, a corruption of loi, and signifies law; for example, Termes de la Ley, Terms of the Law. In another, and an old technical sense, ley signifies an oath, or the oath with compurgators; as, il tend sa ley aiu pleyntiffe. Brit. c. 27. .A.E.I. (Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Arg.), a legal publisher in Argentina. The property will become a part of Thomson Legal & Regulatory. La Ley publishes primary, secondary and analytical law works, and tax and accounting information. It has 600 employees. |
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