View source for Talk:Fitch Ratings

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== dual headquarters ==

In the reference provided I don't see any indication that Fitch Ratings has dual headquarters. I question that anyway, because that would mean Fitch Ratings is a registered legal entity in both countries, and needs to satisfy legal requirements in both jurisdictions, which might be conflicting. And if Fitch Ratings does indeed have dual headquarters, it's not an "American" credit agency, it would be an American-British rating agency. [[User:JPprivate|JPprivate]] ([[User talk:JPprivate|talk]]) 05:23, 3 August 2023 (UTC)

== Request to update founding date and history section ==

{{edit COI|a}}
My name is Miguel and I'm an employee at Fitch Group.
 
Right now both the infobox and history section claim that Fitch Ratings was founded in 1914. That's not correct. Fitch Ratings was actually founded in 1913 as multiple sources state. (See examples [https://books.google.com/books?id=kemZAAAAQBAJ&pg=PA33&dq=Fitch+Ratings+founded+1913+by+John+Knowles+Fitch&hl=en&newbks=1&newbks_redir=1&sa=X&ved=2ahUKEwiR4sPryLaJAxXwETQIHXU5Cn8Q6AF6BAgNEAI here] and [https://www.google.com/books/edition/Perspectives_on_Financial_Services/6UlEgDg5eSEC?hl=en&gbpv=1&dq=Fitch+Ratings+founded+1913+by+John+Knowles+Fitch&pg=PA351&printsec=frontcover here].) 
 
I was initially just going to request the founding date be updated, but as I dug into the history of Fitch more I realized there are actually numerous notable developments missing from the history section. There are also a lot of operational details in the first paragraph that feel more contemporary than historical. So I put together a draft that updates the history section and splits off the operational details into a new operations section, as that seems to be the common format for corporate Wikipedia articles. (I hope this "collapsable" draft works because I see this style of request on other talk pages.) 
 
{{collapse top|title=Proposed history and operations sections}}
 
== History ==
[[John Knowles Fitch]] founded the Fitch Publishing Company in 1913.<ref name=Kramer>{{cite book |chapter=On Rating the Raters: Statistics in the Rating Industry |last1=Krämer |first1=Walter |last2=Neumärker |first2=Simon |pages=125-132 |url=https://link.springer.com/chapter/10.1007/978-3-662-68907-3_15 |title=Statistics Today. Society, Environment and Statistics |publisher=Springer |year=2024 |editor-first1=Claus |editor-last1=Weihs |editor-first2=Walter |editor-last2=Krämer |editor-first3=Sarah |editor-last3=Buschfeld |quote=The third major competitor is the New York and London based Fitch Ratings agency founded on Christmas Eve 1913 by John Knowles Fitch.}}</ref><ref name=Friedberg>{{cite book |chapter=Credit or Bond Rating Agency |last1=Friedberg |first1=Barbara A. |url=https://www.google.com/books/edition/Economics/jOTNEAAAQBAJ?hl=en&gbpv=1&dq=In+1924,+Fitch+introduced+a+AAA-through-D+ratings+system&pg=PT1061&printsec=frontcover |title=
Economics |publisher=[[Bloomsbury Publishing]] |year=2024 |editor-first1=David A. |editor-last1=Dieterle  |quote=In 1913, John Knowles Fitch founded the Fitch Publishing Company, which published The Fitch Stock and Bond Manual and The Fitch Bond book, compilations of financial statistics used by the investment industry. In 1924, Fitch introduced the AAA through D rating system. These grades laid the groundwork for modern investment product ratings.}}</ref> The company sold compilations of financial statistics and analyses, including the ''Fitch Bond Book'' and ''Fitch Stock and Bond Manual''.<ref name=Friedberg/><ref name=Widmer>{{Cite journal |url=https://www.proquest.com/openview/0c51b86a24fe4e18886cee3f30a93376/1.pdf |title = The future of ratings | date=2011 | last=Widmer | first=Lori |journal=Risk Management |volume=58 | issue=6 | pages=20–25 |publisher=Sabinet |quote=A few years later, John Knowles Fitch started his publishing company, which in 1913 issued 'The Fitch Bond Book' and 'The Fitch Stock and Bond Manual,' two publications loaded with financial statistics to help investors navigate the investment industry. By 1924, Fitch had added a AAA-through-D ratings system.}}</ref> In 1924, Fitch introduced an AAA-through-D ratings system.<ref name=Friedberg/><ref name=Wolfson>{{Cite journal |url=https://clutejournals.com/index.php/JBER/article/view/745 |title = Lessons From The Current Financial Crisis: Should Credit Rating Agencies Be Re-Structured | date=2010 | last1=Wolfson | first1=Josh |last2=Crawford |first2=Crawford |journal=Journal of Business & Economics Research |volume=8 | issue=7 | pages=85–92 |quote=In 1913, John Knowles Fitch established the Fitch Publishing Company that sold statistical and financial analysis to the public in the “Fitch Bond Book” and “Fitch Stock and Bond Manual. In 1924, Fitch introduced the now familiar AAA through D ratings that ultimately became the benchmark by which the financial community based fixed income investment decisions.}}</ref> This system eventually became the financial industry's benchmark for fixed-income investment decisions.<ref name=Wolfson/> 
 
The Richard Cacchione family acquired the firm in the early 1960s.<ref name=BB>{{Cite news |title=Court Refuses Restraining Order |date=April 21, 1989 |work=[[The Bond Buyer]] |via=Nexis |quote=The investor group purchased the rating agency, founded by John K. Fitch in 1913 as Fitch Publishing Co., from the Richard Cacchione family, which had acquired the firm in the early 1960s. The firm employs about 50 professionals and staff members and is based in New York, with an office in Denver.}}</ref> 
 
In 1975, Fitch, Standard & Poor's, and Moody's were recognized as [[nationally recognized statistical rating organization|nationally recognized statistical rating organizations (NSRSO)]] by the Securities and Exchanges Commission.<ref name=White>{{Cite journal |url=https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=7776&context=ypfs-documents |title = Markets: The Credit Rating Agencies | date=2010 | last=White | first=Lawrence J. |journal=Journal of Economic Perspectives |volume=24 | issue=2 | page=214}}</ref> This designation meant that financial firms must rely on ratings provided by the three organizations for certain regulatory purposes.<ref name=White/> 
 
In 1989 an investor group led by former [[Ambac]] CEO H. Russell Fraser and [[Van Kampen Investments|Van Kampen Merritt]] founder [[Robert Van Kampen]] acquired Fitch through a [[private placement]].<ref name=NYT1989>{{Cite news |title=Investor Group Acquires Fitch Bond Rating Agency |date=April 21, 1989 |work=The New York Times |access-date=October 10, 2024 |url=https://www.nytimes.com/1989/04/21/business/finance-new-issues-investor-group-acquires-fitch-bond-rating-agency.html}}</ref> Richard D. Cacchione, who had headed the firm for several years, stayed on as part of the management team.<ref name=NYT1989/>
 
In 1997, [[FIMALAC|Fimalac]] acquired Fitch for $175 million and merged the firm with the European-based IBCA Limited, a Fimalac subsidiary.<ref name=WSJ1997>{{Cite news |last=Lavin |first=Douglas |title=Fimalac Pays $175 Million For Credit-Rating Agency |date=October 17, 1997 |work=The Wall Street Journal |access-date=October 10, 2024 |url=https://www.wsj.com/articles/SB877028119478251000}}</ref> Fitch's president, Stephen W. Joynt, continued as president and chief operating officer for the merged firm.<ref name=WSJ1997/> 
 
In March 2000, Fitch acquired [[Kroll Inc.|Duff & Phelps]], a Chicago-based credit rating company.<ref name=Gasparino>{{Cite news |last=Gasparino |first=Charles |date=March 8, 2000|title=Fitch Acquires Duff & Phelps In Latest Credit-Rating Union|url=https://www.wsj.com/articles/SB952438402753004916 |access-date=November 9, 2020|website=[[The Wall Street Journal]]}}</ref> In October of the same year, Fitch acquired the bank-ranking service provider BankWatch from the [[Thomson Corporation]].<ref name=FN>{{Cite news |last1=Townsend |first1=Piers |last2=Adams |first2=Jeremy |date=October 3, 2000 |title=Fitch to offer bank rating under BankWatch deal |url=https://www.fnlondon.com/articles/fitch-to-offer-bank-rating-under-bankwatch-deal-20001023 |access-date=October 10, 2024 |website=[[Financial News]]}}</ref> The moves expanded Fitch's operations and service offerings.<ref name=Gasparino/><ref name=FN/>
 
In 2006, [[Hearst Communications|Hearst]] bought a 20 percent stake in Fitch Group from Fimalac.<ref name=Pearson>{{Cite news |last=Pearson |first=David |date=March 16, 2006 |title=Hearst to Acquire 20% Fitch Stake |url=https://www.wsj.com/articles/SB114246995909699560 |access-date=October 10, 2024 |website=The Wall Street Journal}}</ref> It subsequently increased its holdings to 40 percent in 2009 and to 50 percent three years later.<ref name=Ovide>{{Cite news |last=Ovide |first=Shira |date=July 24, 2009 |title=Hearst Raises Stake in Fitch
 |url=https://www.wsj.com/articles/SB124844985974279319 |access-date=October 10, 2024 |website=The Wall Street Journal}}</ref><ref name=Barr>{{Cite news |last=Barr |first=Alistair |date=February 9, 2012 |title=Hearst buys another 10 percent of Fitch for $177 million |url=https://www.reuters.com/article/world/americas/hearst-buys-another-10-percent-of-fitch-for-177-million-idUSTRE8181LX/ |access-date=October 10, 2024 |website=Reuters}}</ref>
 
In September 2011, Fitch agreed to sell its risk analytics firm, [[Algorithmics]], to IBM for $387 million.<ref>{{cite news |title=IBM Buying Algorithmics for $387M |url=https://www.tradersmagazine.com/departments/brokerage/ibm-buying-algorithmics-for-387m/ |access-date=5 January 2024 |work=Traders Magazine |date=September 1, 2011}}</ref> The deal was completed the next month.<ref>{{cite news |title=IBM completes US$380.2m Algorithmics acquisition |url=https://www.siliconrepublic.com/business/ibm-completes-us380-2m-algorithmics-acquisition |date=October 23, 2011 |access-date=October 10, 2024 |work=Silicon Republic 2011}}</ref> 
 
In December 2014, Hearst further boosted its Fitch holdings to 80 percent by purchasing an additional 30 percent stake from the French owner, Fimalac, for nearly $2 billion.<ref name=Alden>{{Cite news |last=Alden |first=William |date=December 12, 2014 |title=Hearst to Buy Control of Fitch, the Credit Ratings Firm
|url=https://archive.nytimes.com/dealbook.nytimes.com/2014/12/12/hearst-to-buy-control-of-credit-ratings-firm-fitch/ |access-date=October 10, 2024 |website=The New York Times}}</ref> In April 2018, Hearst purchased the final 20 percent stake and became the sole owner of Fitch.<ref name=Hufford>{{Cite news |last=Hufford |first=Austen |date=April 12, 2018 |title=Hearst Takes Full Ownership of Fitch Group
|url=https://www.wsj.com/articles/hearst-takes-full-ownership-of-fitch-group-1523546475 |access-date=October 10, 2024 |website=The Wall Street Journal}}</ref>
 
==Operations==
Fitch Ratings is a subsidiary of Fitch Group, a holding company wholly owned by [[Hearst Communications]].<ref name=Hufford>{{Cite news |last=Hufford |first=Austen |date=April 12, 2018 |title=Hearst Takes Full Ownership of Fitch Group
|url=https://www.wsj.com/articles/hearst-takes-full-ownership-of-fitch-group-1523546475 |access-date=October 10, 2024 |website=The Wall Street Journal}}</ref><ref name=FormNRSRO>{{Cite web |year=2023 |title=2023 Form NRSRO |publisher=Fitch Ratings |access-date=October 28, 2024 |url=https://www.sec.gov/Archives/edgar/data/1652282/000110465924010451/tm245212d1_ex4.pdf}}</ref> Fitch Group also operates Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of credit market data and financial analytics.<ref name=Naciri>{{cite book |title=
Credit Rating Governance |last=Naciri |first=Ahmed |url=https://www.google.com/books/edition/Credit_Rating_Governance/ZD5yBgAAQBAJ?hl=en&gbpv=1&dq=%22Fitch+Group%22+%22Fitch+Solutions%22+%22Fitch+Ratings%22&pg=PA152&printsec=frontcover |publisher=Taylor & Francis |year=2015 |isbn=9781317634362 |page=152}}</ref><ref name=Garcia>{{cite book |last1=García Alcubilla |first1=Raquel |last2=Ruiz del Pozo |first2=Javier |page=9 |url=https://www.google.com/books/edition/Credit_Rating_Agencies_on_the_Watch_List/NdKleM_6wekC?hl=en&gbpv=1&dq=Fitch+Solutions,+a+distribution+channel+for+Fitch+Ratings+products&pg=PA9&printsec=frontcover |title=
Credit Rating Agencies on the Watch List |publisher=Oxford University Press |year=2012 |quote=In addition to Fitch Ratings, the Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics, and related services. |isbn=0191640999}}</ref>
 
Fitch Group is dual headquartered in [[New York City|New York]] and [[London]] and operates in 30 countries worldwide.<ref name=Section172>{{cite web |title=
Section 172 Statement |url=https://assets.ctfassets.net/03fbs7oah13w/6RbilkD7nDPUUbKcGOJhWu/d8c00eec2ebfdc93e0dc3cde120d759c/Section_172_Statement_30032023.pdf |publisher=Fitch Group |date=March 31, 2023}}</ref> The firm maintains offices across the Asian Pacific, Europe, the Middle East, Africa, and the Americas.<ref name=RA>{{cite web |title=
Regulatory Affairs |url=https://www.fitchratings.com/regulatory |publisher=Fitch Group |access-date=October 16, 2024}}</ref> Fitch Group employs approximately 5,000 people, including over 1,600 analysts.<ref name=FitchGroupHistoryQuote>{{Cite website |url=https://www.fitch.group/history |title = 100+ years of history |website=Fitch Group |access-date=October 15, 2024 |quote=As a result of Fitch's growth and acquisitions, we now have over 5,000 employees, including over 1,600 analysts[.]}}</ref> Paul Taylor is president and chief executive officer of Fitch Group.<ref name=Partington>{{Cite news |last=Partington |first=Richard |date=April 12, 2012 |title=Meet the thick-skinned chief of Fitch Ratings
|url=https://www.fnlondon.com/articles/meet-the-thick-skinned-chief-of-fitch-ratings-paul-taylor-20120405 |access-date=October 10, 2024 |work=[[Financial News]]}}</ref>
 
Fitch Ratings is registered as a nationally recognized statistical rating organization (NRSRO).<ref name=White>{{Cite journal |url=https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=7776&context=ypfs-documents |title = Markets: The Credit Rating Agencies | date=2010 | last=White | first=Lawrence J. |journal=Journal of Economic Perspectives |volume=24 | issue=2 | page=214}}</ref> The firm has more than 2,400 employees<ref name=AboutUs>{{cite web |title=
What We Do |url=https://www.fitchratings.com/about-us |publisher=Fitch Ratings |quote=We have over 2,400 employees[.] |access-date=October 16, 2024}}</ref> and is the third largest [[NRSRO]] rating agency, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "tie-breaker" when the other two agencies have ratings similar, but not equal, in scale.<ref>{{cite news |title=FACTBOX: List of 10 rating agencies recognized by U.S. SEC |url=https://www.reuters.com/article/us-usa-ratings-competition-factbox-idUSTRE55N4X220090624/ |access-date=5 January 2024 |publisher=Reuters |date=24 June 2009}}</ref> Ian Linnell is president of Fitch Ratings.<ref name=Leadership>{{cite web |title=
Meet The Fitch Group leadership team |url=https://www.fitch.group/leadership |publisher=Fitch Group |access-date=October 16, 2024}}</ref>
 
{{reflist-talk}}
{{collapse bottom}}
 
If you're reviewing the draft you'll see that I added historical details about the founding of Fitch (per my explanation above), the 1989 acquisition, and the more recent Hearst acquisition. For the operations section, I stuck to core details about Fitch's corporate structure, geographic reach, and leadership. I largely cited national media coverage, so The New York Times, The Wall Street Journal, and Financial News, along with academic journals and textbooks. I also cited regulatory filings for a few operational details like headquarters locations. 
 
If the operations section is implemented, I think we could cut the existing Fitch Solutions section, especially as that section doesn't have any citations. 
 
As noted, I am an employee of Fitch Ratings. I understand that editors will need to review my proposed draft carefully to ensure that the content aligns with Wikipedia guidelines. Any and all feedback would be welcomed, thank you. [[User:MiguelAtFitch|MiguelAtFitch]] ([[User talk:MiguelAtFitch|talk]]) 14:21, 20 November 2024 (UTC)

===Reply 23-NOV-2024===
{{border |[[File:Breezeicons-emblems-8-emblem-remove.svg|20px]]{{nbsp|2}}'''Unable to review'''{{nbsp|2}}|display=table |width=1px |style=double |style2=dotted |color=black |lh=1}}
# Exact, verbatim descriptions of any text and/or references ''to be removed'' needs to be included with the request.<ref>{{cite web |title=Template:Edit COI |url=https://en.wikipedia.org/wiki/Template:Edit_COI/Instructions#For_submitters |website=Wikipedia |language=en |date=30 August 2023 |quote=<u>Instructions for Submitters</u>: Describe the requested changes in detail. This includes the exact proposed wording of the new material, the exact proposed location for it, and '''an explicit description of any wording to be removed''', including removal for any substitution.}}</ref> Currently, only the text ''to be added'' has been included with the request.{{efn|It appears as if the ''Criticism'' section is requested to be removed, since that section does not appear in the proposed draft. If this is incorrect and the section is to remain, please clarify.}}
# Individual reasons ''for each change'' should be provided, particularly when text is requested to be deleted or substituted.<ref>{{cite web |title=Template:Edit COI |url=https://en.wikipedia.org/wiki/Template:Edit_COI/Instructions#For_submitters|website=Wikipedia |language=en |date=30 August 2023 |quote=<u>Instructions for Submitters</u>: If the rationale for a change is not obvious (particularly for proposed deletions), explain.}}</ref> For example, your request to change the date to 1913 has been given a particular reason by you, along with references which purport to verify the change. That type of attention should ideally be placed ''in each instance'' where a change is to be made.
# A handful of sources used in the ''References'' section of your draft, in particular, NYTimes and WSJ sources, appear to be in need of updating in order to align with the current versions used in the article. Just recently I updated those two sources to include freely-accessible archived versions of the text via the '''{{para|archive-url}}''' parameter, since NYT and WSJ are usually paywalled when accessing it normally just through the '''{{para|url}}''' parameter.
# Kindly open a new edit request at your earliest convenience when ready to proceed with the missing information.
{{notelist-talk}}
{{reflist-talk}}
Thank you! Regards, [[User:Spintendo|<span style="font-size:85%;color:#f00;border:2.5px solid red;border-radius:15px;">&nbsp;<b>Spintendo</b>&nbsp;</span>]] 10:33, 23 November 2024 (UTC)

== Request to add new Operations section ==

{{edit COI|a}}
Hello, this is Miguel again from Fitch Group.
 
It was requested that I put together a new request that is more granular than my previous one. 
 
I think the easiest approach here would be to first create a new operations section that covers all relevant operational details. That's the purpose of this request: to create an entirely new section that would come after the existing history section. After said section is created, then we can review the history section and (a) tag claims that are redundant because they're already covered in the new operations section, and (b) update historical claims and add new details. 
 
This is my draft for a new operations section: 
 
{{collapse top|title=Proposed new Operations section}}
 
==Operations==
Fitch Ratings is a subsidiary of Fitch Group, a holding company wholly owned by [[Hearst Communications]].<ref name=Hufford>{{Cite news |last=Hufford |first=Austen |date=April 12, 2018 |title=Hearst Takes Full Ownership of Fitch Group
|url=https://www.wsj.com/articles/hearst-takes-full-ownership-of-fitch-group-1523546475 |access-date=October 10, 2024 |website=The Wall Street Journal}}</ref><ref name=FormNRSRO>{{Cite web |year=2023 |title=2023 Form NRSRO |publisher=Fitch Ratings |access-date=October 28, 2024 |url=https://www.sec.gov/Archives/edgar/data/1652282/000110465924010451/tm245212d1_ex4.pdf}}</ref> Fitch Group also operates Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of credit market data and financial analytics.<ref name=Garcia>{{cite book |last1=García Alcubilla |first1=Raquel |last2=Ruiz del Pozo |first2=Javier |page=9 |url=https://www.google.com/books/edition/Credit_Rating_Agencies_on_the_Watch_List/NdKleM_6wekC?hl=en&gbpv=1&dq=Fitch+Solutions,+a+distribution+channel+for+Fitch+Ratings+products&pg=PA9&printsec=frontcover |title=
Credit Rating Agencies on the Watch List |publisher=Oxford University Press |year=2012 |quote=In addition to Fitch Ratings, the Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics, and related services. |isbn=0191640999}}</ref><ref name=Naciri>{{cite book |title=
Credit Rating Governance |last=Naciri |first=Ahmed |url=https://www.google.com/books/edition/Credit_Rating_Governance/ZD5yBgAAQBAJ?hl=en&gbpv=1&dq=%22Fitch+Group%22+%22Fitch+Solutions%22+%22Fitch+Ratings%22&pg=PA152&printsec=frontcover |publisher=Taylor & Francis |year=2015 |isbn=9781317634362 |page=152}}</ref>
 
Fitch Group is dual headquartered in [[New York City|New York]] and [[London]] and operates in 30 countries worldwide.<ref name=Section172>{{cite web |title=
Section 172 Statement |url=https://assets.ctfassets.net/03fbs7oah13w/6RbilkD7nDPUUbKcGOJhWu/d8c00eec2ebfdc93e0dc3cde120d759c/Section_172_Statement_30032023.pdf |publisher=Fitch Group |date=March 31, 2023}}</ref> The firm maintains offices across the Asian Pacific, Europe, the Middle East, Africa, and the Americas.<ref name=RA>{{cite web |title=
Regulatory Affairs |url=https://www.fitchratings.com/regulatory |publisher=Fitch Group |access-date=October 16, 2024}}</ref> Fitch Group employs approximately 5,000 people, including over 1,600 analysts.<ref name=FitchGroupHistoryQuote>{{Cite website |url=https://www.fitch.group/history |title = 100+ years of history |website=Fitch Group |access-date=October 15, 2024 |quote=As a result of Fitch's growth and acquisitions, we now have over 5,000 employees, including over 1,600 analysts[.]}}</ref> Paul Taylor is president and chief executive officer of Fitch Group.<ref name=Partington>{{Cite news |last=Partington |first=Richard |date=April 12, 2012 |title=Meet the thick-skinned chief of Fitch Ratings
|url=https://www.fnlondon.com/articles/meet-the-thick-skinned-chief-of-fitch-ratings-paul-taylor-20120405 |access-date=October 10, 2024 |work=[[Financial News]]}}</ref>
 
Fitch Ratings is registered as a nationally recognized statistical rating organization (NRSRO).<ref name=White>{{Cite journal |url=https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=7776&context=ypfs-documents |title = Markets: The Credit Rating Agencies | date=2010 | last=White | first=Lawrence J. |journal=Journal of Economic Perspectives |volume=24 | issue=2 | page=214}}</ref> The firm has more than 2,400 employees<ref name=AboutUs>{{cite web |title=
What We Do |url=https://www.fitchratings.com/about-us |publisher=Fitch Ratings |quote=We have over 2,400 employees[.] |access-date=October 16, 2024}}</ref> and is the third largest [[NRSRO]] rating agency, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "tie-breaker" when the other two agencies have ratings similar, but not equal, in scale.<ref>{{cite news |title=FACTBOX: List of 10 rating agencies recognized by U.S. SEC |url=https://www.reuters.com/article/us-usa-ratings-competition-factbox-idUSTRE55N4X220090624/ |access-date=5 January 2024 |publisher=Reuters |date=24 June 2009}}</ref> Ian Linnell is president of Fitch Ratings.<ref name=Leadership>{{cite web |title=
Meet The Fitch Group leadership team |url=https://www.fitch.group/leadership |publisher=Fitch Group |access-date=October 16, 2024}}</ref>
 
{{reflist-talk}}
{{collapse bottom}}
 
The first sentence contains two citations, the first to media coverage (a Wall Street Journal [https://www.wsj.com/articles/hearst-takes-full-ownership-of-fitch-group-1523546475 article]) that confirms Hearst Communications ownership, and the second to a [[Talk:Fitch Ratings#cite note-FormNRSRO-18|Form NRSRO]] submitted by Fitch to the SEC that provides further details about the corporate organizational structure. The second sentence about Fitch Solutions also contains two citations to different academic text books which confirm that Fitch Solutions is a distribution channel ([https://www.google.com/books/edition/Credit_Rating_Agencies_on_the_Watch_List/NdKleM_6wekC?hl=en&gbpv=1&dq=Fitch+Solutions,+a+distribution+channel+for+Fitch+Ratings+products&pg=PA9&printsec=frontcover first citation]) and a provider of credit market data and financial analytics ([https://www.google.com/books/edition/Credit_Rating_Governance/ZD5yBgAAQBAJ?hl=en&gbpv=1&dq=%22Fitch+Group%22+%22Fitch+Solutions%22+%22Fitch+Ratings%22&pg=PA152&printsec=frontcover second citation]). 
 
The second paragraph covers Fitch Group: where the company is headquartered (New York and London) and operates (30 countries across the identified regions), along with details about the number of employees and the CEO. Citations are all straightforward here. 
 
The third paragraph covers Fitch Ratings: its role as an NRSRO (first sentence), size (second sentence), and leadership (third sentence). Citations are, again, very straightforward.
 
Again, I'm proposing a new section strictly about Fitch Ratings/Fitch Group operations and supported with new citations.
 
To be clear, I am not making a request about the criticism section. I have suggestions for the investment scale and short-term credit ratings sections, but I was planning on making those requests later.
 
Please let me know if you have any questions. [[Special:Contributions/65.213.30.22|65.213.30.22]] ([[User talk:65.213.30.22|talk]]) 17:54, 27 November 2024 (UTC)

===Reply 3-DEC-2024===
Below you will see where proposals from your request have been quoted with reviewer decisions and feedback inserted underneath, either accepting, declining or otherwise commenting upon your proposal(s). Please read the enclosed notes within the proposal review section below for information on each request. 
<br>
{{collapse top|Edit request review 3-DEC-2024|float=center|width=50%|bg=#D3E3F1}}
{{quote box|width=|align=center|1=
<span style="border:2px green; border-style:none none solid;">Fitch Ratings is a subsidiary of Fitch Group, a holding company wholly owned by Hearst Communications. Fitch Group also operates Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of credit market data and financial analytics.
</span><br>
{{Confirmed|Approved.}}{{NoteTag|}}
<br>
<br>
<br>
<span style="border:2px #5890ff; border-style:none none solid;">Fitch Group is dual headquartered in New York and London and operates in 30 countries worldwide.
</span><br>
{{Respond|bluebrokenplus|Unable to implement.}}{{NoteTag|The reference provided for this claim is 5 pages long, and the exact page has not been provided.}}
<br>
<br>
<br>
<span style="border:2px red; border-style:none none solid;">The firm maintains offices across the Asian Pacific, Europe, the Middle East, Africa, and the Americas.
</span><br>
{{Declined|Declined.}}{{NoteTag|The listing of each continent where offices are located is immaterial.}}
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<span style="border:2px green; border-style:none none solid;">Fitch Group employs approximately 5,000 people, including over 1,600 analysts. Paul Taylor is president and chief executive officer of Fitch Group. Fitch Ratings is registered as a nationally recognized statistical rating organization (NRSRO). The firm has more than 2,400 employees
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<span style="border:2px red; border-style:none none solid;">and is the third largest NRSRO rating agency, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "tie-breaker" when the other two agencies have ratings similar, but not equal, in scale.
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{{Declined|Declined.}}{{NoteTag|This portion of text is a run on sentence that is generally unclear, containing a mix of determined facts ("third largest NRSRO") and self-ascribed assertations ("and frequently positions itself as a "tie-breaker"").}}
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<span style="border:2px green; border-style:none none solid;"> Ian Linnell is president of Fitch Ratings.
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___________<br>
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Regards, [[User:Spintendo|<span style="font-size:85%;color:#f00;border:2.5px solid red;border-radius:15px;">&nbsp;<b>Spintendo</b>&nbsp;</span>]] 22:46, 3 December 2024 (UTC)

:Thanks for your help here, Spintendo. Your feedback makes sense. I'll post a follow-up request about a few of these items soon. [[User:MiguelAtFitch|MiguelAtFitch]] ([[User talk:MiguelAtFitch|talk]]) 17:16, 6 December 2024 (UTC)

== Request to Revise the Infobox Section ==

{{Edit COI|G}}

Hi Spintendo,

In addition, we would like to update some of the information found in the infobox. For the Founded section of the infobox, we would like to change the year to 1913 as multiple sources state. (See examples [https://books.google.com/books?id=kemZAAAAQBAJ&pg=PA33&dq=Fitch+Ratings+founded+1913+by+John+Knowles+Fitch&hl=en&newbks=1&newbks_redir=1&sa=X&ved=2ahUKEwiR4sPryLaJAxXwETQIHXU5Cn8Q6AF6BAgNEAI here] and [https://www.google.com/books/edition/Perspectives_on_Financial_Services/6UlEgDg5eSEC?hl=en&gbpv=1&dq=Fitch+Ratings+founded+1913+by+John+Knowles+Fitch&pg=PA351&printsec=frontcover here].) Additionally, for the Fitch Solutions president listing found in the infobox, we currently have Brian Filanowski, who is no longer with the company, and would like to replace Filanowski with Theodore E. Niedermayer as he is the current standing president for Fitch Solutions. (See [https://www.fitch.group/leadership/theodore-e-niedermayer/ here])

All other information within the infobox can remain the same.

Please refer to the "collapsible" section below.

{{collapse top|title=Revision to Infobox section}}
{{Infobox company
| name = Fitch Ratings Inc.
| logo = Fitch Ratings logo.svg
| logo_size = 
| type = [[Subsidiary]]
| industry = [[Financial services]]
| foundation = {{Start date and age|1913}}
| founder = [[John Knowles Fitch]]
| location_city = [[New York City]], [[New York (state)|New York]], [[United States|U.S.]] and [[London]], [[England]], [[UK]]
| location_country = 
| area_served = 
| key_people = {{ubl|Paul Taylor ([[Chief executive officer|CEO]] of Fitch Group)|Ian Linnell ([[President (corporate title)|president]] of Fitch Ratings and Fitch Ratings Inc.)|Theodore E. Niedermayer ([[President (corporate title)|president]] of Fitch Solutions|Tracey Perini ([[Chief financial officer|CFO]])}}
| products = 
| services = 
| revenue = {{Increase}} $1.7 Billion <ref name="2018 Fiscal Report">{{cite web|title=2011 Fiscal|url=http://www.fimalac.com/regulated-information.html|publisher=FIMALAC|access-date=March 26, 2012|archive-date=September 27, 2018|archive-url=https://web.archive.org/web/20180927012435/http://www.fimalac.com/regulated-information.html|url-status=dead}}</ref>
| operating_income = 
| net_income = 
| owner = 
| num_employees = 5,000 (approximate)
| parent = [[Hearst Corporation]]<ref name="Hearst press release">{{Cite web|url=https://www.hearst.com/newsroom/fitch-group-becomes-a-wholly-owned-hearst-business|title=Fitch Group Becomes a Wholly-Owned Hearst Business|website=hearst.com|access-date=April 12, 2018}}</ref>
| divisions = 
| subsid = 
| homepage = {{URL|https://fitchratings.com/}}
| footnotes = 
| slogan = 
}}
<references />
{{collapse bottom}}[[User:MiguelAtFitch|MiguelAtFitch]] ([[User talk:MiguelAtFitch|talk]]) 17:25, 17 December 2024 (UTC)
:{{Respond|bluecheck2|Go ahead:}} I have reviewed these proposed changes and suggest that you go ahead and make the proposed changes to the page. <!-- Template:ECOI --> [[User:Snarkyalyx|Snarkyalyx]] ([[User talk:Snarkyalyx|talk]]) 08:15, 23 December 2024 (UTC)
::Hi Snarkyalyx, thanks for approving our request to update the Wikipedia infobox section ourselves. Your support in allowing us to make necessary updates, including the year of founding and the president of Fitch Solutions, is greatly appreciated. I went ahead and made the edits, and those are now live on Fitch Ratings' wikipedia page.  [[User:MiguelAtFitch|MiguelAtFitch]] ([[User talk:MiguelAtFitch|talk]]) 14:08, 23 December 2024 (UTC)


== Revised request to add new Operations section ==

{{Edit COI|G}}
Hello, this is Miguel again from Fitch Group.

An editor, Spintendo, reviewed my last request and implemented most of the requested updates, save a few that required additional clarification. With this request, I will address Spintendo's concerns and suggest slightly expanding the operations section to include new material. 

I would like to add two specific claims. 

Claim one: Fitch Group is dual-headquartered in New York and London.

This claim already appears in the history section. The citation there is a PDF [https://hugin.info/143461/R/1601708/505879.pdf press release]. I'm citing a Section 172 Statement, which is a UK regulatory filing. On page one it specifically states: "With dual headquarters in London and New York, Fitch Group is owned by The Hearst Corporation ('Hearst')." (I will add this language to the citation.)

Claim two: Fitch is the third largest credit ratings agency, after S&P and Moody's. 

A longer version of this claim already appears in the history section ("Fitch Ratings is the third largest NRSRO rating agency, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a 'tie-breaker' when the other two agencies have ratings similar, but not equal, in scale."). This sentence is sourced to a [https://www.reuters.com/article/us-usa-ratings-competition-factbox-idUSTRE55N4X220090624/ 2009 Reuters article]. Spintendo noted that "This portion of text is a run on sentence that is generally unclear, containing a mix of determined facts [...] and self-ascribed assertations[.]" I agree, so I have shortened the sentence down and added a new citation: a [https://www.google.com/books/edition/Handbook_of_Ratings/z6_LDAAAQBAJ?hl=en&gbpv=0&bsq=fitch%20ratings%20is%20the%20third-largest%20credit%20rating%20agency  2016 academic textbook] published by Springer which contain a capsule description of S&P and Moody's on page 16 and then of Fitch on page 17 ("The third largest ratings agency Fitch Ratings was formed by G. Fitch in 1913"). 

I would like to add these two claims to the operations section as follows:

{{collapse top|title=Operations section update}}
:{{Respond|bluecheck2|Go ahead:}} I have reviewed these proposed changes and suggest that you go ahead and make the proposed changes to the page. <!-- Template:ECOI -->

However, please improve the overall reading flow ([[WP:PROSE]]) of your writing, it's a bit harder to read than I would like. Merry Christmas - or whatever you shall celebrate - to you, by the way! With warm regards,
 [[User:Snarkyalyx|Snarkyalyx]] ([[User talk:Snarkyalyx|talk]]) 18:19, 24 December 2024 (UTC)

==Operations==
Fitch Ratings is a subsidiary of Fitch Group, a holding company wholly owned by [[Hearst Communications]].<ref name=Hufford>{{Cite news |last=Hufford |first=Austen |date=April 12, 2018 |title=Hearst Takes Full Ownership of Fitch Group
|url=https://www.wsj.com/articles/hearst-takes-full-ownership-of-fitch-group-1523546475 |access-date=October 10, 2024 |website=The Wall Street Journal}}</ref> Fitch Group also operates Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of credit market data and financial analytics.<ref name=Garcia>{{cite book |last1=García Alcubilla |first1=Raquel |last2=Ruiz del Pozo |first2=Javier |page=9 |url=https://www.google.com/books/edition/Credit_Rating_Agencies_on_the_Watch_List/NdKleM_6wekC?hl=en&gbpv=1&dq=Fitch+Solutions,+a+distribution+channel+for+Fitch+Ratings+products&pg=PA9&printsec=frontcover |title=
Credit Rating Agencies on the Watch List |publisher=Oxford University Press |year=2012 |quote=In addition to Fitch Ratings, the Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics, and related services. |isbn=0191640999}}</ref> Fitch Group is dual-headquartered in New York and London.<ref name=Section172>{{cite web |title=
Section 172 Statement |url=https://assets.ctfassets.net/03fbs7oah13w/6RbilkD7nDPUUbKcGOJhWu/d8c00eec2ebfdc93e0dc3cde120d759c/Section_172_Statement_30032023.pdf |publisher=Fitch Group |date=March 31, 2023 |quote=With dual headquarters in London and New York, Fitch Group is owned by The Hearst Corporation ('Hearst').}}</ref> The firm employs approximately 5,000 people, including over 1,600 analysts.<ref name=FitchGroupHistoryQuote>{{Cite website |url=https://www.fitch.group/history |title = 100+ years of history |website=Fitch Group |access-date=October 15, 2024 |quote=As a result of Fitch's growth and acquisitions, we now have over 5,000 employees, including over 1,600 analysts[.]}}</ref> Paul Taylor is president and chief executive officer of Fitch Group.<ref name=Partington>{{Cite news |last=Partington |first=Richard |date=April 12, 2012 |title=Meet the thick-skinned chief of Fitch Ratings
|url=https://www.fnlondon.com/articles/meet-the-thick-skinned-chief-of-fitch-ratings-paul-taylor-20120405 |access-date=October 10, 2024 |work=[[Financial News]]}}</ref> 

Fitch Ratings is registered as a nationally recognized statistical rating organization (NRSRO).<ref name=White>{{Cite journal |url=https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=7776&context=ypfs-documents |title = Markets: The Credit Rating Agencies | date=2010 | last=White | first=Lawrence J. |journal=Journal of Economic Perspectives |volume=24 | issue=2 | page=214}}</ref> It is the third largest credit ratings agency, after S&P and Moody's.<ref name=Karminsky>{{cite book |title=Handbook of Ratings |last1=Karminsky |first1=Alexander |last2= Polozov |first2=Andrey  |url=https://www.google.com/books/edition/Handbook_of_Ratings/z6_LDAAAQBAJ?hl=en&gbpv=0&bsq=fitch%20ratings%20is%20the%20third-largest%20credit%20rating%20agency |publisher=Springer |date=August 4, 2016 |isbn=9783319392615 |pages=16-17 |access-date=December 6, 2024 |quote=The third largest ratings agency Fitch Ratings was formed by G. Fitch in 1913.}}</ref> The firm has more than 2,400 employees.<ref name=AboutUs>{{cite web |title=
What We Do |url=https://www.fitchratings.com/about-us |publisher=Fitch Ratings |quote=We have over 2,400 employees[.] |access-date=October 16, 2024}}</ref> Ian Linnell is president of Fitch Ratings.<ref name=Leadership>{{cite web |title=
Meet The Fitch Group leadership team |url=https://www.fitch.group/leadership |publisher=Fitch Group |access-date=October 16, 2024}}</ref>

{{reflist-talk}}
{{collapse bottom}}

I added the "dual-headquartered" claim as the third sentence and the "third-largest" claim as the eight sentence. I also added a paragraph break so the first paragraph is about Fitch Group and the second paragraph is about Fitch Ratings. 

Does this work? Thank you for any feedback. [[User:MiguelAtFitch|MiguelAtFitch]] ([[User talk:MiguelAtFitch|talk]]) 14:59, 24 December 2024 (UTC)