Fitch Ratings-Toronto-22 September 2016: Fitch Ratings has announced that, effective Sept. 21, 2016, its ratings have been formally incorporated into the determination of index rating methodology for the..
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FTSE TMX Canada Index Series, which provide credit market benchmarks broadly tracked by ETFs, asset owners, mutual funds, and segregated accounts.
FTSE TMX is part of global index provider FTSE Russell, which provides several leading fixed income market benchmarks across the globe. In Canada, FTSE TMX also provides clients with a leading fixed income portfolio analytics platform since 1985, and is the most widely utilized source of bond valuations for the broad Canadian fixed income market.
Fitch is recognized in Canada as a global leader in credit ratings and research and for its local expertise across all major sectors in Canada including Corporate, Structured Finance, Financial Institutions, Public Finance, Infrastructure, and Project Finance. Fitch established its Canadian operations over two decades ago and now has ratings across all sectors including financial institutions, structured finance, corporate issuers, project finance, provinces and sovereign.
'The FTSE-TMX indexes are the preeminent fixed income indexes for Canada,' said Mark Oline, Global Head of Business Development for Fitch Ratings. 'The addition of Fitch to the FTSE TMX Canada Index Series methodology is an important milestone. As international investors look at investing in Canadian assets and Canadian issuers tap global capital markets, Fitch's expert analysis, research and commentary will play an important role in this process.'