Fitch Solutions, leading provider of credit intelligence and the primary distributor of Fitch Ratings content, has signed a four-year agreement with Deutsche Bundesbank, acting as the lead central bank and contracting authority in the context of the Eurosystem Procurement Coordination Office (EPCO) to provide Fitch credit ratings and research.
The central banks of the European System of Central Banks (ESCB) as members of EPCO will have access to Fitch ratings and research to help streamline their credit analysis of supervised banks. This data is available to ESCB through Fitch Connect, an integrated information platform that delivers Fitch ratings and research along with the world's leading financial fundamental data set which includes financial data on banks, insurance firms, corporates and sovereigns, economic data and analytics to support their credit analysis.
"Fitch is proud to expand our ongoing relationship with the European central banks through EPCO by providing our research, ratings and bank fundamentals in one integrated and efficient platform," said Brian Filanowski, Global Head of Product Development at Fitch Solutions.
"With Fitch Connect member banks will be able to share credit information through a centralized system so that they can efficiently analyze credit risk, monitor market movements and ultimately support their key mandate to ensure their country's financial market stability."
Fitch Connect is an integrated platform providing credit ratings, proprietary research, industry-leading bank fundamentals and analytics through a variety of delivery channels.