Fitch Group, the parent company of the namesake credit rating agency, has agreed to buy the debt research company CreditSights in the latest bout of consolidation among providers of financial information.
New York-based CreditSights was founded in 2000 by former bankers Peter Petas and Glenn Reynolds and employs more than 200 people. It is highly regarded in the credit market for its independent, subscription-based corporate and sovereign debt market research that reaches nearly 15,000 investors and analysts. The acquisition, which is subject to regulatory approval, will add to the Fitch Solutions arm of the company. That part of the business provides credit analysis and counts specialist services Covenant Review and LevFin Insights among its offerings.