Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire CreditSights, Inc., a leading provider of independent credit research to the global financial community.
The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed, and closing is subject to regulatory approvals and other customary closing conditions. Following the closing, CreditSights will become part of Fitch Group’s Fitch Solutions division, as it further expands its research coverage of investment grade, leveraged and distressed debt markets. Fitch Solutions is a leading provider of credit and macro intelligence, and the primary partner to Fitch Ratings for the distribution of its ratings-related content.
Founded in 2000, CreditSights is a leading provider of subscription-based, independent credit research, risk tools and comprehensive market insights to finance professionals around the world. Headquartered in New York, with offices in London, Singapore and Denver, the company has over 200 full-time employees. CreditSights’ core research product provides in-depth, market-relevant research. Covering more than 1,200 issuers, CreditSights helps financial market participants make better informed decisions on investments, asset allocation, trading and risk management.
Through the acquisition of CreditSights, Fitch Group will complement its portfolio by adding a leading provider of relative value credit research to a suite of products that includes legal analyses and fixed-income news offered by Fitch Solutions Leveraged Finance Intelligence through its Covenant Review, Capital Structure, LevFin Insights and PacerMonitor brands, as well as the credit ratings and research from Fitch Ratings.
About Fitch Group
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of data, research & analytics; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
About CreditSights, Inc.
CreditSights empowers nearly 15,000 financial professionals among the world’s largest institutions with the credit-risk tools, independent research and comprehensive market insights they need to make well-informed credit-risk decisions. Setting the standard for global credit research since 2000, CreditSights provides timely data, news, recommendations and unbiased analysis of the investment-grade and high yield debt securities of 1,200+ issuers around the world. CreditSights delivers this content through innovative platforms, enabling market participants to know more, risk better and ultimately create value.
Source: Fitch Press Release