Fitch responds to growth in derivatives by spinning off specialist agency
The new standalone entity, Derivative Fitch, will bring together the rating agency's global CDO and structured credit functions and is headed up by Kim Slawek
Fitch Ratings has launched Derivative Fitch, a specialist rating agency for the rapidly growing credit derivatives market. The spun-off entity will provide ratings, research, analytics and evaluation services to clients. It also aims to improve market transparency and enhance investors' understanding of risk.
Stephen Joynt, chief executive officer at Fitch Ratings in New York, says the new agency hopes to meet the needs of credit derivative investors who want greater complexity in assessing risk
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