Fitch Ratings Inc. in an international credit rating agency.
Together with Moody's and Standard & Poors, Fitch is one of the largest credit rating agencies in the world.
Fitch Rating was founded in 1913.
Credit rating agencies make risk assessments of financial instruments like:
Credit Ratings give an asessment to financial instruments. For example, an “investment grade” asset can have the following ratings:
Fitch uses the symbols + and - to make smaller adjustment to it's ratings. For example, AA+ is better than AA.
A credit rating is an assessment of the financial capacity of an entity (corporation or government institution) to pay it's financial obligations. Common stocks do not constitute debt: they are not subject of credit ratings. Credit ratings apply to debt securities like bonds.
Credit ratings can be applied also to:
It is considered that an institution with a better rating (AAA) has a lower default risk than an institution with a worse rating (BBB).
Fitch ratings for selected countries: