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Source Issuer Rating
AA_DE DELA Coöperati.. A
AA_DE Verband öffent.. A+
AA_DE Credit Life AG A+
AA_DE Stuttgarter Leb.. A
AA_DE PrismaLife AG BBB+
RP - 2022-04-04
Estimated EU and UK credit rating agencies market shares for 2021

RP - 2022-02-04
Scheduled Sovereign Rating Reviews for February 2022

RP - 2022-01-03
ESMA publishes EU rating agencies market shares report

under rp_research


Country of Residence:
United States
Languages spoken:

FitchRatings (Fitch) is a global rating agency operating in all market segments. Fitch operates under the issuer-pays model.

Registered as CRA in the EU:
Certified as CRA in the EU:
ECAI Status:
Australia, Austria, Bahrain, Belgium, Bermuda, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hong Kong, China, Hungary, Iceland, India, Ireland, Isle of Man, Israel, Italy, Japan, Jordan, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Morocco, Netherlands, New Zealand, Norway, Oman, Philippines, Poland, Portugal, Romania, Saudi Arabia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom, United States, Finland, Taiwan, European Union
Registered as CRA in:
Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Hong Kong, China, India, Japan, Mexico, New Zealand, Nicaragua, Panama, Peru, Russian Federation, Singapore, South Africa, Sri Lanka, Turkey, Venezuela, Taiwan

Registration status in the EU: Fitch is registered with ESMA since October 31st, 2011. It has registered 7 legal units in Europe and operates additional offices in the EU. 

Fitch is recognized ECAI in all EU countries. 

On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:

Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs.


Fitch is also a source for the ECB’s ECAF system.

Registration outside of the EU:

Countries endorsable:  Fitch states on its webside, that FitchRatings Limited, the UK based company, endorses the ratings issued in Argentina, Australia, Brazil, Hong Kong, Japan, Mexico, Singapore and the United States.

Further countries:  Fitch (or an affiliated company) is recognized as CRA (or the equivalent in local legislation) in Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, India, New Zealand, Nicaragua, Guatemala, Panama, Peru, Russia, South Korea, Sri Lanka, Switzerland, Taiwan, Thailand, Turkey, Venezuela,

In addition, Fitch is recognized or registered as External Credit Assessment Institution (“ECAI”) under the Basel 2 regime applicable to banks in several jurisdictions. Fitch is further recognized in the US by the NAIC and by several central banks.

Market Segments Covered:
Other Corporates, Financial Institutions, Insurances, Sovereign and Public Finance, Structured Finance, Sub-Sovereign, Covered Bonds
Countries Covered:
Business Model:

Business model: Fitch operates under the Issuer-pays model.

Coverage: Fitch covers all market segments on a global basis

Availability of ratings and reports at website: while Fitch operates under the issuer-pays model, the ratings and reports are not freely available at Fitch website. You will need to register an account to view more information. In order to view rating reports, you will most probably need to buy a subscription.