CSFB's Credit Rating System Acquired By Fitch
Fitch Risk Management, a wholly owned subsidiary of Fimalac, S.A., has announced the acquisition of the Credit Ratings System (CRS), a comprehensive credit assessment system, from Credit Suisse First Boston (CSFB). CRS consists of a suite of 12 quantitative rating models that use statistically proven relationships to estimate long-term credit ratings. CRS was developed by CSFB over the past six years to support its credit function. The system, which is used to predict credit ratings, has individual models for public and private US, European and Japanese corporates, public and private telecommunication companies, utilities, SMEs, and US, European and Japanese banks. In addition, the system is flexible enough to accept the user’s own proprietary inputs.