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PETER JORDAN JOINS FITCH TO HEAD MUTUAL FUND RATINGS -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 9 /PRNewswire/ -- Peter M. Jordan has joined Fitch as managing director responsible for mutual fund ratings, Steven W. Joynt, executive managing director said today. Mr. Jordan was previously senior vice president of the Resource Planning Service of the WEFA Group, an economic consulting firm.
 Fitch's mutual fund stability ratings analyze interest rate and currency risk and project future return volatility. The rating model subjects bond portfolios to simulated interest rate scenarios and probable market conditions. Ratings indicate the degree of variation in future fund performance, giving investors an easy reference to compare market risk and return. Fitch also rates the creditworthiness of fund portfolios.
 While at WEFA, Peter helped develop the economic drivers behind Fitch's Residential Mortgage Default Model. The model predicts home foreclosures and real estate values for 43 regions around the country and is used primarily in rating below investment grade mortgage-backed securities.
 Mr. Jordan was also a director of the Industry Information Service of DRI/McGraw Hill. Inc., where he headed industry analysis and forecasting activities. He has a B.A. in economics from Boston College and completed doctoral work at the Massachusetts Institute of Technology.
 -0- 9/9/93
 /CONTACT: Peter Jordan, 212-908-0566, or Steven W. Joynt, 212-908-0530, both of Fitch/


CO: Fitch ST: New York IN: SU: PER

MP -- NY040 -- 0324 09/09/93 12:19 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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