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MARK COHEN PROMOTED TO EXECUTIVE MANAGING DIRECTOR OF FITCH -- FITCH FINANCIAL WIRE --

 MARK COHEN PROMOTED TO EXECUTIVE MANAGING DIRECTOR OF FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Oct. 8 /PRNewswire/ -- Mark H.S. Cohen has been promoted to executive managing director in charge of the new Market Management Group of Fitch Investors Service. Mr. Cohen retains his responsibilities as head of the Financial Guaranty and Mortgage Insurance Ratings Groups.
 Mr. Cohen, who joined Fitch in 1990, will report to David Nixon, executive vice president. The Market Management Group will develop and spearhead marketing strategies for Fitch's seven primary business units. Mr. Cohen will work closely with Fitch's Regional Representative Group, which has responsibility for communicating with institutional investors, investment bankers, traders, and others on a day-to-day basis. The Regional Representative Group is headed by Dan Campbell, who recently joined Fitch from Reuters America as a managing director and also reports to Mr. Nixon.
 "Mark Cohen has a keen sensitivity to the needs of the marketplace, as demonstrated by his success in the financial guaranty insurance sector," said Mr. Nixon, "We look forward to expanding that expertise throughout the company with Mark's leadership of the Market Management Group."
 Mr. Cohen was one of the founders of Bond Investors Guaranty Insurance Co., a leading monoline bond insurer, and served as that company's senior vice president and chief financial officer until its acquisition by MBIA, Inc., in 1990. Since coming to Fitch, his group has established stringent criteria for rating financial guaranty and mortgage insurance companies and issued a comprehensive series of industry research and ratings.
 -0- 10/8/92
 /CONTACT: David Nixon, 212-908-0573, or Mark H. S. Cohen, 212-908-0512, both of Fitch/ CO: Fitch Investors Service ST: New York IN: FIN SU: PER


TS -- NY056 -- 7845 10/08/92 12:16 EDT
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Date:Oct 8, 1992
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