Fitch Group Completes Acquisition of CreditSights, Inc.
Fitch Group, a global leader in financial information services owned by Hearst, today announced that it has completed its acquisition of CreditSights, Inc., a leading provider of independent credit research to the global financial community.
The company said in a statement posted on its website. Fitch Group announced its agreement to acquire CreditSights from the founders, along with other shareholders and investors, on 14 January 2021.
CreditSights will become part of Fitch Solutions, which is a leading provider of data, research and analytics. The addition of CreditSights will strongly complement Fitch Solutions’ existing businesses.
With its fundamental, in-depth research on investment grade and high-yield debt securities, CreditSights’ products significantly deepen Fitch Solutions’ capabilities across multiple fixed income and credit asset classes and sectors.
The business will continue to operate under the CreditSights brand, which is highly regarded by financial market participants for its independent relative value credit research.
Paul Taylor, President and CEO of Fitch Group, said: “We are delighted that CreditSights is now part of Fitch Group and excited by the opportunity this provides to create enhanced offerings for the benefit of both companies’ customers.”
Peter Petas, CEO of CreditSights, said: “I am excited for this next chapter for CreditSights. As part of Fitch Solutions, we will have opportunities to meet more of our client’s needs and offer an expanded suite of solutions, all while continuing to deliver the core company, sector and market-relevant research as we have for the past 20 years.”
Founded in 2000, CreditSights is a leading provider of subscription-based, independent credit research, risk tools and comprehensive market insights used by finance professionals around the world. Headquartered in New York, with offices in London, Singapore and Denver, the company has over 200 full-time employees.
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CreditSights’ core research product provides in-depth, market-relevant research. Covering more than 1,000 issuers, CreditSights helps financial market participants make better informed decisions on investments, asset allocation, trading and risk management.
Fitch Group Completes Acquisition of CreditSights, Inc.
