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Fitch

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Fitch Ratings is a global rating agency committed to providing the world's credit markets with independent and prospective credit opinions, research, and data. With 50 offices worldwide, Fitch Ratings' global expertise, built on a foundation of local market experience, spans across capital markets in over 150 countries. Fitch Ratings is widely recognized by investors, issuers, and bankers for its credible, transparent, and timely coverage. Fitch Ratings is headquartered in New York and London and is part of the Fitch Group. 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. The Fitch Group also includes Algorithmics, a world leading provider of enterprise risk management solutions. The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France.

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General Information
Websitewww.fitchratings.com
TypeRating Agency
Founded
Ownership
Country
Contact Information
AddressOne State Street Plaza
, NY 10004
Phone212-908-0500
Fax

Information & Articles about Fitch

Rating Agencies

Rating agencies are independent, third-party companies that analyze and rate the financial health of many different types of organizations—including governments and entire countries.

A.M. Best, Standard and Poor’s, Moody’s and Fitch are some of the well known rating agencies. 

Hartford Financial Hit with Downgrade from Fitch Ratings

Fitch Ratings cut their ratings on Hartford Financial Services Group to two steps above junk status.

Analysts are concerned about Hartford's decision to pause or cancel annuity sales in Japan, Germany and the U.K.

Hartford has also begun implementing major changes to its U.S. based variable annuity business.

Hartford is one of the life and annuity insurers that has been particularly hard hit by the capital market risk and volatility that has been rampant during the financial crisis. 

Source: Wall Street Journal (subscription required)

Is Your Annuity Safe?

Credit risk or the possibility of company insolvency are top of mind for many people who are considering an annuity purchase. 

However, as indicated in the Wall Street Journal article referenced below, 90% of policyholders impacted by recent insolvencies have received full benefits--largely through a combination of remaining insurer assets and funds provided by state guaranty associations. 

Due diligence and--to the extent possible--some comparison shopping are encouraged before purchasing any annuity.

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While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.

Retirement Income Industry Association Spring Conference 2012

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