NEW YORK--(BUSINESS WIRE)--Fitch Ratings is pleased to announce its ratings were added earlier this year to the J.P. Morgan High-Yield Bond Indices.
J.P. Morgan’s indices contain two additional columns for Fitch’s rating and a new consolidated rating from all three major credit rating agencies. Index eligibility is determined by the consolidated rating.
“Investors rely on J.P. Morgan’s indices to determine which bonds suit their level of credit risk. Fitch’s inclusion in key indices like J.P. Morgan’s High-Yield Index reflects the increasing investor demand for a Fitch rating,” says Mark Oline, Managing Director, Global Head of Business and Relationship Management at Fitch Ratings.
“With more than $180 billion of global US dollar bonds downgraded from investment grade to high-yield last year, it’s more important than ever for investors to have access to multiple credit ratings to assess the full universe of investible bonds,” says Peter Acciavatti, Head of High-Yield Research at J.P. Morgan.
Since 2015, Fitch has been added to a number of widely followed global indices including J.P. Morgan’s Asia Credit Bond Index, J.P. Morgan’s suite of emerging market indices and the FTSE TMX Canada Index.
FITCH RATINGS
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence. For more information, visit ‘www.fitchratings.com’.
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 credit market data, analytical tools and risk services; BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst.
