CINXE.COM
Fitch Solutions: Data, Research & Analytics for Credit Risk & Strategy
<!DOCTYPE html><html lang="en" dir="ltr" prefix="content: http://purl.org/rss/1.0/modules/content/ dc: http://purl.org/dc/terms/ foaf: http://xmlns.com/foaf/0.1/ og: http://ogp.me/ns# rdfs: http://www.w3.org/2000/01/rdf-schema# schema: http://schema.org/ sioc: http://rdfs.org/sioc/ns# sioct: http://rdfs.org/sioc/types# skos: http://www.w3.org/2004/02/skos/core# xsd: http://www.w3.org/2001/XMLSchema# " data-brand="fitch-solutions"><head><meta name="ahrefs-site-verification" content="6e4efdff69bc8c169d8ca428be1b824794c725cb9b97677369bb4278a54a79b5"><meta charset="utf-8"><meta name="description" content="Make better-informed credit risk and strategy decisions with reliable data, insightful research, and powerful analytics."><meta name="abstract" content="Fitch Solutions: Data, Research & Analytics for Credit Risk & Strategy"><link rel="canonical" href="https://www.fitchsolutions.com/"><link rel="shortlink" href="https://www.fitchsolutions.com/"><link rel="image_src" href="/sites/default/files/background-image/tier-1-fs-image-template-1632x918-hero-1-grad.jpg"><meta property="og:site_name" content="Fitch Solutions"><meta property="og:type" content="Article"><meta property="og:url" content="https://www.fitchsolutions.com/node/6849"><meta property="og:title" content="Homepage"><meta property="og:description" content="Make better-informed credit risk and strategy decisions with reliable data, insightful research, and powerful analytics."><meta property="og:image" content="https://www.fitchsolutions.com/sites/default/files/background-image/t1-9-companies-entities_1_0.jpg"><meta property="og:image:url" content="https://www.fitchsolutions.com/sites/default/files/background-image/tier-1-fs-image-template-1632x918-hero-1-grad.jpg"><meta property="og:image:secure_url" content="https://www.fitchsolutions.com/sites/default/files/background-image/tier-1-fs-image-template-1632x918-hero-1-grad.jpg"><meta property="og:image:type" content="image/jpg"><meta property="og:image:width" content="1362"><meta property="og:image:height" content="766"><meta property="og:image:alt" content="Fitch solutions"><meta name="twitter:card" content="summary_large_image"><meta name="twitter:description" content="Make better-informed credit risk and strategy decisions with reliable data, insightful research, and powerful analytics."><meta name="twitter:title" content="Homepage"><meta name="twitter:url" content="https://www.fitchsolutions.com/node/6849"><meta name="twitter:image" content="https://www.fitchsolutions.com/sites/default/files/background-image/t1-9-companies-entities_1_0.jpg"><meta name="twitter:image:alt" content="Fitch solutions"><meta name="twitter:image:height" content="766"><meta name="twitter:image:width" content="1362"><meta name="MobileOptimized" content="width"><meta name="HandheldFriendly" content="true"><meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=1, shrink-to-fit=no, user-scalable=no, minimal-ui"><link rel="icon" href="/themes/custom/fitch_solutions/favicon.ico" type="image/png"><link rel="alternate" hreflang="en" href="https://www.fitchsolutions.com/"><title>Fitch Solutions: Data, Research & Analytics for Credit Risk & Strategy</title><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_lxokZ0EG-IAT9Qi3VrMNQdvtewjZ855HqeYkl1Qxj6g.g_ra1Hff2xDNL3SWriTy9RLW4g-grzc4HaMR7IE74L8.css?VersionId=_VufQIMJUEYXkasAAm81bxWoee2zMVoW?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_xnDYBl4OD9snX7Sf9EyJ9VkzRg71lff1OegyGLU8z1w.YgeSq4Cx-Hukkb3p6qcdjlVnWTmpjqXhRGdBrDm7S-8.css?VersionId=5xHrae9sn2Uj7g2ete6Xrqw5vzrOjHuA?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_5DeNesAeWY75ShebRlAkjVoqLmMwjuLZN1u-ZRdbQTc.8l8fgA72OYsNXzSdPJc3Ff7NWOOyVf-QC_q_rtCTJGM.css?VersionId=vJS6NEEoDIP7vK7wnYQcGN3Ao4mlfBeV?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_gfUtLDXi72df47AexuJ-vm_wJb2QkME0vEvBnJxO6dA.84zzQk88ANu24dyu1X36d-uo-4dflgne-7Zb2dxN_P0.css?VersionId=nUAs.dO6Lq1mrw85cmw..njbekoo8at5?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_CYXnyo1qFoxHAoBBNsSqN8PVNbP8sxeQ_LtauZ50Wgs.OBIsaAtx-2xOBgLXl8ZEkqUFyNz40hElty0vvVtiB98.css?VersionId=A9f.0Y_Jw9E.r1eSpKj4_Lg_tJnmpXKf?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_QF7anExUIQ9m7lRlQYpqk7QebuejK_k7Tyzw3UgZ-hg.rVWJPtAGXR6i5xuxfN8zNI0ZdVDUwni-muqKZM4605I.css?VersionId=mxd3NFfjEE5xOs8dfvHvdfNfAf0BHBK0?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_7QllbjqoprdCwoIdo3V7DWqJKkTBOzMJn-xZmsutiww.FDRXFzrx_dz4rEvGjukYcBJNjOTudokJgHVXBu3mEDk.css?VersionId=ietGmu7CvFMrMpfVlfcrr3e56nF9yaWL?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_hnJTGN1fzih_ZZssV428NML2NhpFxXlJrqaLNgE8CHo.2pDHM9Hx7WBawucorowsxuY6HhPsDl7wTx5wU_Nj3Qg.css?VersionId=qOVwGI9JhuQxCmTm757dqUlqSzEQTc8e?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css__13fw7LchbE-h7zw4b3GPIwiFWcaKaefv7L39uOe9so.zFMU1cOI3dSic8aIkBXMnZ7hh59Oneh8g-DsF68gJIY.css?VersionId=vYCzdxR7EahDzoOPqUYs9Ioh6LO2JB0.?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_0jPT-BWLonFoD1a1XPcxcniBn9WgukRnniaE-xYrMIs.gVgBhw5nesitN4q7_mxMmmKDwR9Gxs4tXxLTZzfJc78.css?VersionId=ZpZF30gNGH9oqVaaYGvDX3ywoRuhmow1?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_wcTRp4Ty5SGu4F6Mj_Src4xCVH1pAn1ZKdFhbgibbUI.bzRuF9XRbSurFMkinLItXObO6CR5h-0YTzBYR2lDvFs.css?VersionId=e81vi1ZpdcXRM4aOI.HECViBcjRzovx0?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_XYJeCymlgeYq2fA8gUC7CjnYFGGkur-vgRftab7u22k.rNFVnhfAmEICePPMFAiZ1fSwZOvqat52aRq7XwywL14.css?VersionId=HtHINRqdPWpOhSaXicUkfED2dPtF0uc7?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_tdlildou3nAEpVC9SJoaB6Kq0Q-3m9ZyimZjFzbxYhs.5aTE8JF14gzH3W3Jo3yOzYmMKM3WlKKJdbH1xqg4VbQ.css?VersionId=ks36CFfvmYhKo.IwJxhqE0XkLIhs8hf9?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_GbvmbJJu3etNuvRxzgpArn9FbrGIPob5sKfVZm03KVw.k0EDFyVQ3eVpabutPljuVFAFkgBMzIo3Z7IqaSccrA0.css?VersionId=6xNw3onboMb8uauThn5sLhJVEAxuQDXI?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_Q6hS9heFRWwmGWvo9WsD_D6nDHdUaUnYt6sC6_oX9L8.bul_sp8pCvS_IgX2Y4rCDgZ9CaxizNiYLzs_16l1iHQ.css?VersionId=n4i.VLqUGqxhTWqFXjbVa0p6UoUWTls8?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_Mz34rW7q6tVTaynibPwIyO2mdHNIyqme262HoGpcJl8.DNpQpeQHgZjVsmjwlBGz78cpTcJ3mxjy8MXXIga8EWo.css?VersionId=Nk_e0UvtNS.iWEgZaMOduTzYCWd_1C0s?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_41w6dBZ448pJSogyLgoToui9MDm8KnZHhhxIUFUonds.Dv4F_XE5IFLgPBQCDrbXWDwjE1al9QoZHGwVNsIVH6k.css?VersionId=L0y1XImyx6_FeQgTk4gao02R59rfwmRO?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_JCU_zSqQm3rvBIXWevl-Uch6AS6Fms27h_AxAbdSM2A.e77orDcboZeuN7-XoOPTNEdXhSe8FzP4XRQWvQyBQtc.css?VersionId=j9bOO5uqIhQZWKJtam0ki8Iicphh1LXb?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css__7a65Qsn2GbI6R4HiSGaSbf2n93vUm8S71hKr7aus8Y.IX70Y20Xm0YpMzDdxZVD9r_Hi5aCLKUMqnVzelth4Aw.css?VersionId=XB3zFZmYjEKoY5PBUq2q0TR5fL7zGQXV?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_rav4Czxl6lZP_y6XAkU1YQxGj4d7fYA4YVDBNypJlxc.M3ohiT4ToLyhePHn--sobHKDvTXi9EhlmZXgzf7OJwM.css?VersionId=dQZUIvr9SAL5nBzONkghiLjjD2XuTVBV?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_PRpLCpZQr4zTfafBQvuU6Ai1fdWr3UHToA3uiawHjkM.kFMOAs4H3nHdctclaOUYnZPNZzLxi_DCY1ObaHtNzlU.css?VersionId=5B_kTLpPW05HHKhR7teYTj__fnASZo_c?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_aylBIaNUjhSigWKCcIK0c-t_kOYqAOEKlb80phSXPOI.4iqcR7FL-bdyGGPwc3PcLc04rW1_6DCgqWxXs2oFVfI.css?VersionId=n.XSqtJrLVpw.P._31eFUnAqTETJPjo1?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_Fqn0ZHLPXNU9iJ8ToSTfRNYTV_oX1fxyoSZF9i3CO_M.PP-BXg0RtLayyyX9LGJU48uZcbJk9cNH4Y6mMMUWWq8.css?VersionId=3NUFq74qWrLuRsQtnF.AGqrxdBnv0z5U?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_Q7zLgQvyD3dkOHXnT2wFwjtThfQupYWs-a29sqLPi4I.xwUmrD5SHB945PDw4LCV1-RBcSpFPc1XbxUs7qbjkDQ.css?VersionId=7BnMdvW7L6BRbT5qgeB9yWhXFYH7pBqA?smu22r"><link rel="stylesheet" media="all" href="//use.fontawesome.com/releases/v5.13.1/css/all.css"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_vOD9-5JiqhFy7oiIOzO00o2XLgmR6XH8SUL8LL585Vc.b0uXNzdKCSuyb5HKMY1dbzcfdGPsnPrq-tbi1hHv1pI.css?VersionId=CSiogd8wfMM8nVoHNrtzN9MggpxQdQtN?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_88c3ihBeCiCzqNfS7cjCgjr8MYQlehXo-KpFrjTuK7w.oMX3RVHqymWf0KDVYmBHrfh9MVuu_UCwP3nqd-mGsMo.css?VersionId=OVgRW9JmReN8Yg3h9T.t8n3rnuiY9iZ2?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_P0Exx7cMVsVRaU-WHEQ2lst1y3LRiISnuY8PfOqGgrc.IQgCSKrypvbeZsI-sEarq1nyRFW6D3r2Kd8f_R0aKXk.css?VersionId=OzW1TDG6GdMwRuNww3MtZsU48w0N1y_B?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_DB6qCulvhb6kTgIf8KFk5etFqthBqFueoASfICi8ckA.N8CaVMagDVwln3_I7u5z-GM7V4Ong41NM0FATwf78e8.css?VersionId=ImPffgBU0gOzAm2RLpBo6nm0pVvS3H.g?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_bJiLbEFk3wNy02f-xx9GH3kP8A0YWyDCsQN2xDI4gV4.vd73NiGvJhYEYw5VKAp4wmN3AZ_g1SqDwzGWq6eNHrk.css?VersionId=odWpXcReb7FFbDRdQJpQbfokj536cvY4?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_mb0HIzjObubRp-oEU9uDDgT26cgUkcgYb5VRvD8cNg4.z_yfnmgK6Tl9jixKMzKnesm0YOQGmAbZ_R8yRuumJjc.css?VersionId=Cp1ruzpKngATrkwnDXjgtULRph_v_duS?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_Du5Xxwigfy-9xZCWBBxJ0XUXM2m_8s-HqbJygL8Tadk.taOEcpWXi1rMNSSu_at1_CLLs7nBv04Hpd6Z05w-nUU.css?VersionId=I0YQ_YuAn7L5eYTDntc3yWcqc6X63TjR?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_0i9wTNKb_HLBpgf60uoxIH6j0DdGwIlhOrzL4Bxmdmc.VBTr80RbIJL9iZXF6eskkUlOpdAnzl1uZboU0AaHvF0.css?VersionId=FYImuewCR9Ko3mHB6I5Ruaz5.Rl2JDEw?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_v3odowAkFvweAb8Lg45usWDIKffVLwAbgnnFD1_yumA.1xoZYCg9Ty1YL3jilXXzyQ9n-rNsbItPv-3BwbwkNAA.css?VersionId=YPDAGH0mIsRdUe4q4KnsxsPrb596V4DE?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_JunmUb59ymNy_DgOH9JjdN63T6zfQcwkleYa94sI7s8.na8AHn-l4yvQygCkMPhkazjsJg7fCfYnS5DOF5PX_so.css?VersionId=FNehx0tUcciznkHH1hWcBdlLWozA7pp5?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_vAyiRnylh-4OBeoCD1FBZgdhJHgiGBiFgqNo8KtEBTQ.b9OWRpm8qkuOjrG1slDn_xobsPDeHzpCZiSkxmwJQ58.css?VersionId=yKSWqvzBGkMWfvojba.xtbfqpQRvmafw?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_Ev7DYA1vl8MzBT5V7ZC6kMc12fFHla2PjfnZ7Z8f1VE.GJkYxDvv4axaPwBavkRSW0GwdF7X2U76x65wmVhesMQ.css?VersionId=PpF6cJE49p3vrOZcf4pkhy5jBli7qDgG?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_oRFyKzWkzmfAKMyNb_FqKqNC-uOlB68bDYWp3lmjB6c.N0DqNFqClIujqNUcMczelLehBo8ENqZH_Kq8sybJWBs.css?VersionId=QP1sG3QgFjg9gBb.63lepdtB5bToD1Yv?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_A01G8RI0Xd5uPNUhmUv1UWTOlUIOc94GFmDdW_DJ9zA.jWh5r2XzdxT1xP2I31sj8uFvniwzgYnghh08ZlLYNr0.css?VersionId=SWVZatMARRWLSMZeK_gOSQwJfzs92tbN?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_CmsQvC65h8dslQHtVfJ660oQwWsVnQT63ZsKiTcrkBI.EDwEZ-X15QEJohvrwedg1Gvn_tVvhPaTT0kpUkRXPFw.css?VersionId=1_nOXRPSL99cyXCBDDpe3oW_gV8Ci5T5?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_E5WzKeBvQs8ANXqzjfgHRdO7sQRIlBYmZmCEZ2S8XyI.rvALG6qbCJEJWUHszRQzBYEQKsZ1wj79kl1XQlCbH80.css?VersionId=BdPjlPgQbRsVjDd712260FMQnxAIYD.3?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_pq-13VbOLalV5TThgv92dhMRD3-_3nxOWJPE25qzO1U.HwJBQRf6FbjogHYocI_QYCs9UA7DrhUMlmLJYXZDENg.css?VersionId=QlipwxXAStT_7t9nvAiDsB.K95QXjzfp?smu22r"><link rel="stylesheet" media="all" href="/sites/default/files/css/optimized/css_BbFr_ktBLaVNW10T7iPBaswPfnHY6mAwKuQIclJ6anc.B1GUOkNVntHvEs1KjGt12AOxspfqqOMPJaJxYQplUZg.css?VersionId=WZTy3Bx2uTwm39MwMWw9CMMl2mMTpE3A?smu22r"><style> .async-hide { opacity: 0 !important } </style><script>!function (a, b, c, d, e, f, g) { b.className += " " + c, f.start = 1 * new Date, f.end = g = function () { b.className = b.className.replace(RegExp(" ?" + c), "") }, (a[d] = a[d] || {}).hide = f, setTimeout(function () { g(), f.end = null }, e), f.timeout = e }(window, document.documentElement, "async-hide", "funnelEnvyConfig", 4e3, {});</script><!-- Google Tag Manager --><script>(function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-WL6NBZV');</script><!-- End Google Tag Manager --><script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","pathPrefix":"","currentPath":"node\/6849","currentPathIsAdmin":false,"isFront":true,"currentLanguage":"en"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"ajaxPageState":{"libraries":"eJxtUVuShCAMvJDokawoUVITCEXAKff0i7Pz0uUDCroT6HQvlGc3etCMaQDRbvkGZtUN0hl7XIwKl0wS1GjemcJ6KZKQDdxRxWODYchyhm-4G0er47rymfKQbnitD7DRCocCIxsmhv3MR1jROASLF_kR04Jz1jkJ83QdThHS7C4YZWxPmUX44thGFl9S3x4NizcQgHfN-p9TM4uPAXbjMZQWjxuGdifDz84CtsnJSqFFnA09UdUWiu2vssSHQFMUU83K1mBrls-Qh69zf8fpuNZnJPlMsfY_Dx_EHbFRyHWybtGxWuAl1H_GVwRvjHT8k3NUp2pjFyHBmiA6HWwqEbj_IH0JsUxM6tB2Wh1HP0yg2G2Edx0ee-_FFsZfxjktdw","theme":"fitch_solutions","theme_token":null},"ajaxTrustedUrl":[],"formtips":{"selectors":[""],"interval":0,"sensitivity":3,"timeout":0,"max_width":"500px","trigger_action":"hover"},"user":{"uid":0,"permissionsHash":"87de830a2c7a62cd5d534e9a9a8d9be0aa96bf332e6c0eda7dfd9487c782dc36"}}</script><script src="/sites/default/files/js/optimized/js_dxIVcwvQ00owLGoUGPTfRYXU-T5rnj8Xi0cXfb3Kn58.6BLyxJMmaMODyjWcRT3j1_SlnPK2_hv9NfIGUqyqkLA.js?VersionId=..Y6uobMIPT2kR29ig6ExvlEBtoNKnt.?v=3.7.1"></script><script src="/sites/default/files/js/optimized/js_Hpe5jrMuKXrV4HSTMApXJsNBxraAgcHUrTjxkwWKqy8.u0waE2t59Np9f4EJAyyoxhZxczP73Xo-94YEWT5oCSc.js?VersionId=zmjkFcvmtTFjW2zNvPjccOZmNDDeO_vH?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_V1oRQ-kJlXBZaEklOtPUe_1t8-l0RS94HJ3gsqxKikc.2k5s04ch2V5ll7mPxEtj_1W75l8xFhYMd85BtIVEr1w.js?VersionId=nuj6QYIfm14sQ7zns.Al24mCYqRWVWUr?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_KRjtvzl6UujB23-j_sF6dqOcbqg2z8ej98A8RU9bGsg.cLnhJn4_T7VX-X-jldcMU-T8i4sVgAjTw5-vfIulGXM.js?VersionId=wXpPF17hmr4rNjiU83sXcMnTPOrXHymb?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_JG7wdx_TF9zvSJXhxI41vZkXIKm5WmzLaPsF8vab5Ag.npvmSW5pWqyw8NnMk86o3rFsyoCDqr365YRuwDxFGiA.js?VersionId=q7nZ4szyWYPAnZwYgeUYkGnKOtfgJZJC?v=2.x"></script><script src="//cdn.jsdelivr.net/npm/css-vars-ponyfill@2.4.7/dist/css-vars-ponyfill.min.js"></script><script src="/sites/default/files/js/optimized/js_0IJaM2TioyjPb5qBonIhwdikuDfmmFBFTnld60aVW-k.-hJDd07a24-96gF3ipBzGy38q2KnVqamXNELq9GxfXY.js?VersionId=qLTtAXBtlWDdaPpw80jiw7JrBuUdpu19?v=2.x"></script><script src="/sites/default/files/js/optimized/js_b11uw4VjrPoxlWEP1H8F05phP6P9W5kPidDdD2X7ifk.f2tFrIOWf2A6Y5fzMRsFoEEsimZHemZ-YQ7tdMHfz1M.js?VersionId=7yglSDtySoa7XUI4hCSX_rQfu.LhGq8K?v=1.x"></script><script src="/sites/default/files/js/optimized/js_oWpr9Ejm7Ej-taEVdG9HAdynAInbngIrxvBvYqrDs1A.T2CsUm3yCMzWT1_BEIg7KPWrkDiAIbGE9p5JbhzbwXY.js?VersionId=ze4qmKFWd.KQuTvwWDjrFEdPmERYAH_b?v=1.x"></script><script src="//app-lon06.marketo.com/js/forms2/js/forms2.min.js"></script><script src="/sites/default/files/js/optimized/js_cv8BjvsWdB0HtnMkg1gXOhOqE8pSk3pzsJ6Fjaon9tQ.zn1DarH8R4SjYGIK7ZK4en-qYqa6zAX-bESgskLsq0k.js?VersionId=_u5WADbdheYkAhS0OYYZMmfrHbK4J2Uc?v=2.x"></script><script src="/sites/default/files/js/optimized/js_mJ6jtKzVHgZayzRDhvuEo2csTErN8r_EhwquF0hKe48.F8uOgRQxdyjyVQECKN8CLVdZQbEQE913pkdfcPD0fGY.js?VersionId=acyQym8vH4Xe3ycy8zzGIBGq1lDlNu5S?v=1.x"></script><script src="/sites/default/files/js/optimized/js_woIT3d5y5N7VzWjr1jWCgH6jcwzGA2w8IbMzCVff4FA.bRR8vYJTzye0lb3rBqMbdHL78iNKlj5ktkfc4rVDKQo.js?VersionId=ZVizZwx21IFJixjngSf.6gnxYGKGZ8p2?v=1.x"></script><script src="/sites/default/files/js/optimized/js_E_FR2B2pi46BdD0udir7Z-xAtt4fhDRrgXZGczV3JcE.TDmOONDT8cW4YujKiVB8EwsGb66G-v5-LjJ7rw_Rrh8.js?VersionId=WjpDytalUVpLSh9sXANkFZOr7n7WsM5u?v=1.x"></script><script src="/sites/default/files/js/optimized/js_O28HP4AEX6MZM-JTqNipy-wvc6j3XxKlPApE-AD4TtQ.yA6QjbcWr8LD8vdPM1bWY4mo01FViTH3o-Ra6RFI7eg.js?VersionId=FAY8Ie9VGnCuR773N.5EeoF66F9ijLXM?v=1.x"></script><script src="/sites/default/files/js/optimized/js__atwRn5HW8lmYmOSX1CbQoTh3bKKd51SK_She4iqmpk.kOe6N7MalHWGtWp76En3yxSVxJzjG-FDgl34RAvq3ak.js?VersionId=..y2fm456.9cmqj7EGc1jg7jfnh5.Nd8?v=1.x"></script><script src="/sites/default/files/js/optimized/js_6_Liw8XQtVLo8Zq8DkGkpZi8uuBT-l2__cna9O2jIs0.2Fqk2tlWZGk35gbp1iR1fnWHOR_cLHGgLR3Qs6hqhSY.js?VersionId=SSyrHvIm2xGAOzZGIHVRukDRihHBeBSF?v=1.x"></script><script src="/sites/default/files/js/optimized/js_5QWKwdy9t6kcy_dNRXFi97TPvTHUGVanH1moImxESRk.EDnpS0xkbzYE7Q4b-Po5SSDCMXL0-WRlgW1dk6bLfA8.js?VersionId=qHeZAUhXyL91ydoz8dDBWXQtOCsiv5eI?v=7.x"></script><script> window.dataLayer = window.dataLayer || []; window.dataLayer.push({ 'ssGUID':' G7440610895660588540 ' }); </script> <script>(function(){ window.SS = window.SS || {}; SS.Require = function (callback){ if (typeof callback === 'function') { if (window.SS && SS.EventTrack) { callback(); } else { var siteSpect = document.getElementById('siteSpectLibraries'); var head = document.getElementsByTagName('head')[0]; if (siteSpect === null && typeof head !== 'undefined') { siteSpect = document.createElement('script'); siteSpect.type = 'text/javascript'; siteSpect.setAttribute("ssobj", "/__ssobj/"); siteSpect.src = '/__ssobj/core.js+ssdomvar.js+generic-adapter.js';siteSpect.async = true; siteSpect.id = 'siteSpectLibraries'; head.appendChild(siteSpect); } if (window.addEventListener){ siteSpect.addEventListener('load', callback, false); } else { siteSpect.attachEvent('onload', callback, false); } } } };})(); </script> <script> /* var ss_watts_hj = ""; window.hj=window.hj||function(){(hj.q=hj.q||[]).push(arguments)}; if (ss_watts_hj){ var ssCampaignsHJ = ss_watts_hj.split(','); ssCampaignsHJ.forEach(function (ssCamp){ var eachCampaignSS = ssCamp.toString(); hj('event','SSVariation_'+eachCampaignSS); hj('trigger', eachCampaignSS); hj('tagRecording', eachCampaignSS); }); } */ function processWattsCampaigns(ss_watts_hj) { if (ss_watts_hj && typeof hj === 'function') { var ssCampaignsHJ = ss_watts_hj.split(';'); ssCampaignsHJ.forEach(function (ssCamp) { var campaignParts = ssCamp.split(':'); var tcid = campaignParts[0]; var vgid = campaignParts[1]; // Example events using both TCID and VGID hj('event', 'SSTCID_' + tcid + '_SSVGID_' + vgid); hj('trigger', tcid + '_' + vgid); hj('tagRecording', [tcid + '_' + vgid]); }); } } // Function to initialize and process campaigns function initProcessWattsCampaigns(data, attempt = 0) { const maxAttempts = 100; if (window.hj && typeof hj === 'function') { processWattsCampaigns(data); } else { if (attempt < maxAttempts) { //console.error(`Hotjar not initialized yet. Trying again in 500ms. Attempt ${attempt + 1} of ${maxAttempts}.`); setTimeout(function() { initProcessWattsCampaigns(data, attempt + 1); }, 500); } else { //console.error("Gave up after 50 attempts."); } } } // Run the function immediately with initial data initProcessWattsCampaigns(""); // Run the function once the DOM is fully loaded document.addEventListener('DOMContentLoaded', function() { initProcessWattsCampaigns(""); }); // Set up event listener and trigger the function on custom event if (window.ss_dom_var && ss_dom_var.setAsmtCallback) { ss_dom_var.setAsmtCallback(function(watts_object) { var event = new CustomEvent('wattsDataReceived', { detail: watts_object }); window.dispatchEvent(event); console.log('WATTS Data Received: ', watts_object); }); } window.addEventListener('wattsDataReceived', function(event) { var watts_object = event.detail; var ss_watts_hj = watts_object.countedCampaigns; initProcessWattsCampaigns(ss_watts_hj); }); </script> <script> window.SS && SS.Require && SS.Require(function() { document.addEventListener('click', function(event) { if (event.target.closest('div.addedtabs a.tab__button[href="#how"]') || event.target.closest('div.addedtabs span.tab__button[data-nav="howitworks"]')) { SS.EventTrack.rp('ssTabClick_how'); } if (event.target.closest('div.addedtabs a.tab__button[href="#whatisavailable"]') || event.target.closest('div.addedtabs span.tab__button[data-nav="whatisavailable"]')) { SS.EventTrack.rp('ssTabClick_whatisavailable'); } if (event.target.closest('div.addedtabs a.tab__button[href="#Practicalities"]') || event.target.closest('div.addedtabs span.tab__button[data-nav="practicalities"]')) { SS.EventTrack.rp('ssTabClick_Practicalities'); } }); }); </script> <script type="text/javascript" data-sitespect="true">window.__sscf=window.__sscf||{};</script> <script type="text/javascript" data-sitespect="true"> window.__sscf.cf_63698_95354 = function() { if (document.querySelector("#geo a") && document.querySelector("#riskhq a")) { return true; } } </script> <script type="text/javascript" data-sitespect="true"> window.__sscf.cf_63793_95520 = function() { if (document.querySelector(".ss-marketo-form")) { return true; } } </script> <script type="text/javascript" data-sitespect="true"> window.__sscf.cf_63691_95352 = function() { if (document.querySelectorAll(".ss-section-credit-risk .grid").length) { return true; } } </script> <script type="text/javascript" data-sitespect="true"> window.__sscf.cf_63675 = function() { window.__ss_load_start=new Date(); SS.Require(function(){ SS.PageTimer.time('dwell', 'dwell_rdr'); }); } </script> </head><body class="page-nid-6849"> <script class="__ss_csf_data" type="text/javascript" data-sitespect="true">!function(){var s={"metrics":[{"id":"16335","vg_ids":["4388"],"criteria":[{"GroupNumber":"1","Pre":null,"ID":"12897","Next":1,"PageCategory_ID":null,"Type":"Path","path_criterion":"^/credit/ratings-research(?#starts_with)"},{"GroupNumber":"2","hash_criterion":"how(?#contains)","Pre":0,"ID":"12942","Next":null,"Type":"Hash","PageCategory_ID":null}],"tc_ids":["123"],"trigger_counting":0},{"vg_ids":["4388"],"id":"16380","trigger_counting":0,"tc_ids":["123"],"criteria":[{"PageCategory_ID":null,"Type":"Path","path_criterion":"^/credit/ratings-research(?#starts_with)","GroupNumber":"1","Pre":null,"ID":"12986","Next":1},{"PageCategory_ID":null,"Type":"Hash","Pre":0,"Next":null,"ID":"12987","GroupNumber":"2","hash_criterion":"sectors(?#contains)"}]},{"vg_ids":["4388"],"id":"16392","trigger_counting":0,"tc_ids":["123"],"criteria":[{"GroupNumber":"1","ID":"13031","Pre":null,"Next":1,"Type":"Path","PageCategory_ID":null,"path_criterion":"^/credit/ratings-research(?#starts_with)"},{"Type":"Hash","PageCategory_ID":null,"hash_criterion":"form(?#contains)","GroupNumber":"2","Next":null,"Pre":0,"ID":"13032"}]},{"id":"67852","vg_ids":["4383"],"criteria":[{"Next":null,"Pre":null,"GroupNumber":"1","hashquery_value_criterion":"form(?#contains)","PageCategory_ID":null,"ID":"101900","hashquery_name_criterion":"/credit/ratings-research-data(?#contains)","Type":"HashQuery"}],"trigger_counting":0,"tc_ids":["121"]},{"vg_ids":["4383"],"id":"67853","tc_ids":["121"],"trigger_counting":0,"criteria":[{"Type":"HashQuery","ID":"101901","hashquery_name_criterion":"/credit/ratings-research-data(?#contains)","PageCategory_ID":null,"hashquery_value_criterion":"how(?#contains)","GroupNumber":"1","Pre":null,"Next":null}]},{"trigger_counting":0,"tc_ids":["122"],"criteria":[{"Next":1,"Pre":null,"ID":"101922","GroupNumber":"1","path_criterion":"^/credit/ratings-data(?#starts_with)","PageCategory_ID":null,"Type":"Path"},{"hash_criterion":"form(?#contains)","GroupNumber":"2","Pre":0,"ID":"101923","Next":null,"Type":"Hash","PageCategory_ID":null}],"vg_ids":["4386"],"id":"67858"},{"vg_ids":["4386"],"id":"67859","tc_ids":["122"],"trigger_counting":0,"criteria":[{"path_criterion":"^/credit/ratings-data(?#starts_with)","PageCategory_ID":null,"Type":"Path","Pre":null,"Next":1,"ID":"101924","GroupNumber":"1"},{"PageCategory_ID":null,"Type":"Hash","hash_criterion":"how(?#contains)","GroupNumber":"2","Pre":0,"ID":"101925","Next":null}]},{"criteria":[{"Type":"Path","PageCategory_ID":null,"path_criterion":"^/credit/ratings-data(?#starts_with)","GroupNumber":"1","Next":1,"Pre":null,"ID":"101926"},{"PageCategory_ID":null,"Type":"Hash","Pre":0,"Next":null,"ID":"101927","hash_criterion":"sectors(?#contains)","GroupNumber":"2"}],"trigger_counting":0,"tc_ids":["122"],"id":"67860","vg_ids":["4386"]},{"vg_ids":["4383"],"id":"67861","tc_ids":["121"],"trigger_counting":0,"criteria":[{"Type":"Path","PageCategory_ID":null,"path_criterion":"^/credit/ratings-research-data(?#starts_with)","GroupNumber":"1","ID":"101928","Pre":null,"Next":1},{"GroupNumber":"2","hash_criterion":"form(?#contains)","ID":"101929","Pre":0,"Next":null,"PageCategory_ID":null,"Type":"Hash"}]},{"vg_ids":["4383"],"id":"67862","tc_ids":["121"],"trigger_counting":0,"criteria":[{"path_criterion":"^/credit/ratings-research-data(?#starts_with)","PageCategory_ID":null,"Type":"Path","Pre":null,"ID":"101930","Next":1,"GroupNumber":"1"},{"Type":"Hash","PageCategory_ID":null,"GroupNumber":"2","hash_criterion":"how(?#contains)","Pre":0,"Next":null,"ID":"101931"}]},{"id":"67863","vg_ids":["4383"],"criteria":[{"GroupNumber":"1","Pre":null,"ID":"101932","Next":1,"Type":"Path","PageCategory_ID":null,"path_criterion":"^/credit/ratings-research-data(?#starts_with)"},{"Type":"Hash","PageCategory_ID":null,"hash_criterion":"sectors(?#contains)","GroupNumber":"2","Next":null,"Pre":0,"ID":"101933"}],"trigger_counting":0,"tc_ids":["121"]}],"variations":[{"criteria":[{"GroupNumber":"1","Pre":null,"ID":"95345","Next":1,"Type":"Path","PageCategory_ID":null,"path_criterion":"/credit/ratings-research-data(?#contains)"},{"Type":"Custom","PageCategory_ID":null,"GroupNumber":"2","script_criterion":function() {return window.__sscf && window.__sscf.cf_63691_95352 && window.__sscf.cf_63691_95352.apply(this)},"Pre":0,"Next":null,"ID":"95352"}],"selector":".ss-section-credit-risk .grid","id":"63691","campaign_id":"121","counted":0,"csf_apply_once":"0"},{"id":"63690","campaign_id":"121","csf_apply_once":"0","counted":0,"selector":"#mktoForm_4974 .mktoButton","criteria":[{"ID":"95351","Pre":null,"Next":null,"GroupNumber":"1","path_criterion":"/credit/ratings-research-data(?#contains)","Type":"Path","PageCategory_ID":null}],"trigger_counted":1},{"criteria":[{"PageCategory_ID":null,"Type":"Path","path_criterion":"/credit/ratings-research-data(?#contains)","GroupNumber":"1","ID":"95347","Pre":null,"Next":null}],"id":"63675","counted":0,"selector":"head","trigger_counted":1,"campaign_id":"121","custom":function() {return window.__sscf && window.__sscf.cf_63675 && window.__sscf.cf_63675.apply(this)},"csf_apply_once":"0"},{"campaign_id":"121","id":"63698","counted":0,"csf_apply_once":"0","criteria":[{"Type":"Path","PageCategory_ID":null,"path_criterion":"/credit/ratings-research-data(?#contains)","GroupNumber":"1","Next":1,"Pre":null,"ID":"95346"},{"Type":"Custom","PageCategory_ID":null,"Pre":0,"script_criterion":function() {return window.__sscf && window.__sscf.cf_63698_95354 && window.__sscf.cf_63698_95354.apply(this)},"Next":null,"ID":"95354","GroupNumber":"2"}],"selector":"head"},{"trigger_counted":1,"criteria":[{"ID":"95519","Pre":null,"Next":1,"GroupNumber":"1","path_criterion":"/credit/ratings-research(?#contains)","PageCategory_ID":null,"Type":"Path"},{"Type":"Custom","PageCategory_ID":null,"GroupNumber":"2","Pre":0,"Next":null,"ID":"95520","script_criterion":function() {return window.__sscf && window.__sscf.cf_63793_95520 && window.__sscf.cf_63793_95520.apply(this)}}],"selector":".overlay__bg","counted":0,"csf_apply_once":"0","campaign_id":"123"}],"timestamps":{"67860":"1715945251","16335":"1715945052","67853":"1715943589","63698":"1718746367","63793":"1722869134","63675":"1718746368","67858":"1715945193","67852":"1715943570","63690":"1718746366","67863":"1715945465","16392":"1715945046","63691":"1718746366","67859":"1715945217","16380":"1715945058","67861":"1715945453","67862":"1715945471"}};if(window.SS&&SS.Require){SS.Require(function(){if(window.ss_dom_var){window.ss_dom_var.setVariations(s);if(window.ss_dom_var.setMetrics){window.ss_dom_var.setMetrics(s);}}else{window.__ss_variations=s;}});}else{if(window.ss_dom_var){window.ss_dom_var.setVariations(s);if(window.ss_dom_var.setMetrics){window.ss_dom_var.setMetrics(s);}}else{window.__ss_variations=s;}}if(s.control_sv_cv_rp_only){window.__ss_control=true;}}();</script> <!-- Google Tag Manager (noscript) --> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WL6NBZV" height="0" width="0" style="display:none;visibility:hidden" title="GTM"></iframe></noscript> <!-- End Google Tag Manager (noscript) --><div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas><div id="back-to-top"><div id="block-fitch-solutions-messages" class="settings-tray-editable fitch-master-local-tools" data-drupal-settingstray="editable"><div data-drupal-messages-fallback class="hidden"></div></div><div class="top-bar"><div class="wrapper--1"><div class="top-bar__left"><div class="brand-navigation"><div class="brand-navigation__toggle">Discover our Businesses <i class="fas fa-caret-down"></i></div><ul><li><a href="/" target="_self">Fitch Solutions</a></li><li><a href="/bmi" target="_self">BMI</a></li><li><a href="https://know.creditsights.com" target="creditsights">CreditSights</a></li><li><a href="https://www.dv01.co" target="dv01">dv01</a></li><li><a href="https://www.fitchlearning.com/?utm_source=FitchSolutions&utm_medium=website&utm_campaign=topnav" target="fitch-learning">Fitch Learning</a></li><li><a href="/credit" target="_self">Fitch Ratings Research & Data</a></li><li><a href="https://www.sustainablefitch.com" target="sustainable-fitch">Sustainable Fitch</a></li></ul></div></div><div class="top-bar__right"></div></div></div> <header class="header"><div class="wrapper--1"><div class="region region--logo"><style> :root { --brand-navigation-dropdown-background: var(--white); }.video-js[data-video-id="6348905385112"] {background: #151B17;} .video-js[data-video-id="6348905385112"] .vjs-tech {object-fit: contain;}nav[id^=block-footer-] { width: 20%; margin-bottom: 0px; }h2[id^=block-footer-] { --heading-size: 2rem; --heading-weight: 700; }.idio-recommendations { padding: 0; } .page-nid-6969 header.article__header { display:none; }@media only screen and (max-width: 1024px) { #discoverhowwecanhelp aside.grid--se-10-13 { order: 0; } } .section__events ul.quicktabs-tabs li:nth-of-type(3) { display: none !important; }.evidon-prefdiag-background, .evidon-prefdiag-overlay { z-index: 1; } .page-nid-9829 .aside .section--spacing-below:last-of-type { display: none; }[data-theme="dark"] .navigation__teaser .heading--tag { color: inherit; } [style*=" background-color: #f5f5f5"] .button--4 { --button-border: var(--black); --button-color: var(--black); }.table__overflow, .paragraph-dvpack, .bmi-table-correction, .field--name-field-dv-pack-table { position: relative; width: 100%; max-height: 48rem; overflow: auto; }.section__events .event__wrapper--row-wrapper .event__row .event__location { position: static; } html.async-hide { opacity: 1 !important }@media only screen and (max-width: 1024px) { #block-fitch-solutions-main-menu-homepage {display: none;}[id*="main-menu"] { position: absolute; top: 11.6rem; left: 0; width: 100vw; display: none; z-index: 10; } [id*="main-menu"] .navigation__group { color: var(--inverted-text-color); } [id*="main-menu"].active { display: block; } .nav--active .nav-line { background: white; } } </style><script type="text/javascript"> jQuery(function($) { $('#block-fitch-solutions-main-menu-homepage').attr('id', 'block-fitch-solutions-main-menu'); $('.article + style').remove(); $(document).on('click', '.overlay__close', function () { $('.video-js').each(function(index){ var videoPopupID = $(this).attr('id'); var videoPopup = videojs(videoPopupID); videoPopup.ready(function(){ videoPopup.pause(); videoPopup.currentTime(0); }); }); }); }); </script><div class="logo__wrapper"><a href="/" aria-label="Fitch Solutions"><svg version="1.1" class="logo logo--fitch-solutions-2024" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 230.02 45.4" xml:space="preserve" shape-rendering="geometricPrecision" style="width: 240px; height: 47.3px;"> <defs><style> .logo--fitch-solutions-2024 .logo--color-1 { fill: #cc0033; } .logo--fitch-solutions-2024 .logo--color-2 { fill: #174174; } .logo--fitch-solutions-2024 .logo--color-3 { fill: #2d374e; } .logo--fitch-solutions-2024 .logo--color-4 { fill: #3a5d89; } .logo--fitch-solutions-2024 .logo--color-5 { fill: #2a8abf; } .logo--fitch-solutions-2024 .logo--color-6 { fill: #33ccff; }[data-theme=dark] .logo--fitch-solutions-2024 .logo-opacity-2 { fill-opacity: .85; } [data-theme=dark] .logo--fitch-solutions-2024 .logo-opacity-3 { fill-opacity: .70; } [data-theme=dark] .logo--fitch-solutions-2024 .logo-opacity-4 { fill-opacity: .50; } [data-theme=dark] .logo--fitch-solutions-2024 .logo-opacity-6 { fill-opacity: .35; } [data-theme=dark] .logo--fitch-solutions-2024 [class|="logo--color"] { fill: white; } </style></defs> <rect class="logo--color-5" x="50.46" width=".75" height="45.34"></rect> <g class="logo--color-2 logo-opacity-2"> <path d="M26.15,26.38c.62-1.07,1.99-1.44,3.06-.82,1.07.62,1.44,1.99.82,3.06-.62,1.07-1.99,1.44-3.06.82-1.07-.62-1.44-1.99-.82-3.06Z"></path> <path d="M26.15,19.01c-.62-1.07-.25-2.44.82-3.06,1.07-.62,2.44-.25,3.06.82.62,1.07.25,2.44-.82,3.06s-2.44.25-3.06-.82Z"></path> <path d="M19.77,30.06c-1.24,0-2.24,1-2.24,2.24,0,1.24,1,2.24,2.24,2.24,1.24,0,2.24-1,2.24-2.24,0-1.24-1-2.24-2.24-2.24Z"></path> <path d="M13.39,26.38c-.62-1.07-1.99-1.44-3.06-.82-1.07.62-1.44,1.99-.82,3.06.62,1.07,1.99,1.44,3.06.82s1.44-1.99.82-3.06Z"></path> <path d="M13.39,19.01c.62-1.07.25-2.44-.82-3.06-1.07-.62-2.44-.25-3.06.82-.62,1.07-.25,2.44.82,3.06,1.07.62,2.44.25,3.06-.82Z"></path> <path d="M19.77,15.33c1.24,0,2.24-1,2.24-2.24,0-1.24-1-2.24-2.24-2.24-1.24,0-2.24,1-2.24,2.24,0,1.24,1,2.24,2.24,2.24Z"></path> </g> <g class="logo--color-4 logo-opacity-4"> <path d="M31.79,29.63c.45-.77,1.43-1.04,2.21-.59.77.45,1.04,1.43.59,2.21-.45.77-1.43,1.04-2.21.59-.77-.45-1.04-1.43-.59-2.21Z"></path> <path d="M31.79,15.76c-.45-.77-.18-1.76.59-2.21.77-.45,1.76-.18,2.21.59.45.77.18,1.76-.59,2.21-.77.45-1.76.18-2.21-.59Z"></path> <path d="M19.77,36.57c-.89,0-1.61.72-1.61,1.61,0,.89.72,1.61,1.61,1.61.89,0,1.61-.72,1.61-1.61,0-.89-.72-1.61-1.61-1.61Z"></path> <path d="M7.76,29.63c-.45-.77-1.43-1.04-2.21-.59-.77.45-1.04,1.43-.59,2.21.45.77,1.43,1.04,2.21.59.77-.45,1.04-1.43.59-2.21Z"></path> <path d="M7.76,15.76c.45-.77.18-1.76-.59-2.21-.77-.45-1.76-.18-2.21.59-.45.77-.18,1.76.59,2.21.77.45,1.76.18,2.21-.59Z"></path> <path d="M19.77,8.83c.89,0,1.61-.72,1.61-1.61,0-.89-.72-1.61-1.61-1.61-.89,0-1.61.72-1.61,1.61,0,.89.72,1.61,1.61,1.61Z"></path> </g> <g class="logo--color-6 logo-opacity-6"> <path d="M37.43,32.89c.28-.49.92-.66,1.41-.38.49.28.66.92.38,1.41s-.92.66-1.41.38c-.49-.28-.66-.92-.38-1.41Z"></path> <path d="M37.41,12.56c-.29-.49-.13-1.12.36-1.41.49-.29,1.12-.13,1.41.36.29.49.13,1.12-.36,1.41s-1.12.13-1.41-.36Z"></path> <path d="M19.79,43.09c-.57,0-1.04.45-1.04,1.02,0,.57.45,1.04,1.02,1.04s1.04-.45,1.04-1.02-.45-1.04-1.02-1.04Z"></path> <path d="M2.11,32.89c-.28-.49-.92-.66-1.41-.38-.49.28-.66.92-.38,1.41.28.49.92.66,1.41.38s.66-.92.38-1.41Z"></path> <path d="M2.13,12.56c.29-.49.13-1.12-.36-1.41-.49-.29-1.12-.13-1.41.36-.29.49-.13,1.12.36,1.41s1.12.13,1.41-.36Z"></path> <path d="M19.76,2.31c.57,0,1.04-.45,1.04-1.02,0-.57-.45-1.04-1.02-1.04s-1.04.45-1.04,1.02.45,1.04,1.02,1.04Z"></path> </g> <g class="logo--color-3 logo-opacity-3"> <path d="M25.69,30.37c-.36-.62-1.15-.83-1.77-.47-.62.36-.83,1.15-.47,1.77.36.62,1.15.83,1.76.47.62-.36.83-1.15.47-1.77Z"></path> <path d="M25.69,15.03c-.36.62-1.15.83-1.77.47-.62-.36-.83-1.15-.47-1.77.36-.62,1.15-.83,1.77-.47.62.36.83,1.15.47,1.77Z"></path> <path d="M30.67,22.7c0,.71-.58,1.29-1.29,1.29-.71,0-1.29-.58-1.29-1.29,0-.71.58-1.29,1.29-1.29.71,0,1.29.58,1.29,1.29Z"></path> <path d="M13.85,30.37c.36-.62,1.15-.83,1.77-.47.62.36.83,1.15.47,1.77-.36.62-1.15.83-1.77.47-.62-.36-.83-1.15-.47-1.77Z"></path> <path d="M13.85,15.03c.36.62,1.15.83,1.77.47.62-.36.83-1.15.47-1.77-.36-.62-1.15-.83-1.77-.47-.62.36-.83,1.15-.47,1.77Z"></path> <path d="M8.88,22.7c0,.71.58,1.29,1.29,1.29.71,0,1.29-.58,1.29-1.29,0-.71-.58-1.29-1.29-1.29-.71,0-1.29.58-1.29,1.29Z"></path> </g> <g class="logo--color-5"> <path d="M28.32,34.22c-.45-.78-1.46-1.05-2.24-.6-.78.45-1.05,1.46-.6,2.24.45.78,1.46,1.05,2.24.6.78-.45,1.05-1.46.6-2.24Z"></path> <path d="M28.32,11.18c-.45.78-1.46,1.05-2.24.6-.78-.45-1.05-1.46-.6-2.24.45-.78,1.46-1.05,2.24-.6.78.45,1.05,1.46.6,2.24Z"></path> <path d="M35.66,22.7c0,.91-.73,1.64-1.64,1.64-.91,0-1.64-.73-1.64-1.64,0-.91.73-1.64,1.64-1.64.91,0,1.64.73,1.64,1.64Z"></path> <path d="M11.23,34.22c.45-.78,1.46-1.05,2.24-.6.78.45,1.05,1.46.6,2.24-.45.78-1.46,1.05-2.24.6-.78-.45-1.05-1.46-.6-2.24Z"></path> <path d="M11.23,11.18c.45.78,1.46,1.05,2.24.6.78-.45,1.05-1.46.6-2.24-.45-.78-1.46-1.05-2.24-.6-.78.45-1.05,1.46-.6,2.24Z"></path> <path d="M3.89,22.7c0,.91.73,1.64,1.64,1.64.91,0,1.64-.73,1.64-1.64,0-.91-.73-1.64-1.64-1.64-.91,0-1.64.73-1.64,1.64Z"></path> </g> <g class="logo--color-2"> <path d="M147.68,20.59c3.74,0,6.76,2.75,6.76,6.54s-3.02,6.59-6.76,6.59-6.76-2.78-6.76-6.59,3.02-6.54,6.76-6.54ZM147.68,31.64c2.38,0,4.31-1.88,4.31-4.51s-1.93-4.46-4.31-4.46-4.31,1.86-4.31,4.46,1.96,4.51,4.31,4.51Z"></path> <path d="M156.79,15.93h2.4v13.65c0,1.51.59,1.78,1.34,1.78.22,0,.42-.02.42-.02v2.13s-.37.05-.79.05c-1.36,0-3.37-.37-3.37-3.52v-14.07Z"></path> <path d="M163.22,20.88h2.4v7.48c0,1.73.35,3.12,2.35,3.12,2.55,0,4.06-2.25,4.06-4.73v-5.87h2.4v12.54h-2.33v-1.66c0-.52.05-.92.05-.92h-.05c-.52,1.24-2.16,2.87-4.61,2.87-2.82,0-4.29-1.49-4.29-4.81v-8.03Z"></path> <path d="M178.51,22.82h-1.64v-1.93h1.71v-3.73h2.33v3.73h3.02v1.93h-3.02v5.75c0,2.5,1.76,2.82,2.68,2.82.35,0,.57-.05.57-.05v2.13s-.35.05-.84.05c-1.61,0-4.81-.5-4.81-4.68v-6.02Z"></path> <path d="M186.36,20.88h2.4v12.54h-2.4v-12.54Z"></path> <path d="M197.88,20.59c3.74,0,6.76,2.75,6.76,6.54s-3.02,6.59-6.76,6.59-6.76-2.78-6.76-6.59,3.02-6.54,6.76-6.54ZM197.88,31.64c2.38,0,4.31-1.88,4.31-4.51s-1.93-4.46-4.31-4.46-4.31,1.86-4.31,4.46,1.96,4.51,4.31,4.51Z"></path> <path d="M207,20.88h2.33v1.66c0,.5-.05.92-.05.92h.05c.5-1.09,1.98-2.87,4.71-2.87,2.95,0,4.31,1.61,4.31,4.81v8.03h-2.4v-7.48c0-1.76-.37-3.15-2.38-3.15s-3.44,1.26-3.96,3.07c-.15.5-.2,1.07-.2,1.68v5.87h-2.4v-12.54Z"></path> <path d="M221.59,30.17s1.41,1.46,3.59,1.46c1.04,0,2.08-.55,2.08-1.56,0-2.3-6.44-1.83-6.44-5.92,0-2.28,2.03-3.57,4.53-3.57,2.75,0,4.04,1.39,4.04,1.39l-.97,1.81s-1.11-1.11-3.1-1.11c-1.04,0-2.06.45-2.06,1.54,0,2.25,6.44,1.76,6.44,5.87,0,2.08-1.78,3.64-4.53,3.64-3.07,0-4.76-1.83-4.76-1.83l1.16-1.71Z"></path> </g> <g class="logo--color-2"> <path d="M125.06,31.11c.72.67,3.11,2.6,6.86,2.6s6.66-2.42,6.66-5.88c0-3.75-3.2-5.1-6.02-6.29-2.39-1-4.64-1.95-4.64-4.19,0-1.98,1.89-3.54,4.31-3.54,2.27,0,4.02,1.16,4.74,1.72l1.09-1.98c-.6-.51-2.59-1.96-5.83-1.96-3.87,0-6.78,2.5-6.78,5.81s2.96,4.76,5.83,6.01c2.48,1.08,4.83,2.11,4.83,4.49,0,2.1-1.7,3.57-4.13,3.57-2.77,0-4.89-1.62-5.57-2.21l-1.36,1.82Z"></path> <circle cx="187.61" cy="17.15" r="1.33"></circle> </g> <g class="logo--color-1"> <path d="M73.91,26.78c-.12-4.02-1.33-4.05-4.08-4.05h-1.36v10.06h2.79v.65h-9.01v-.65h2.79V12.24h-2.79v-.65h15.75l.37,6.19h-.53c-.31-1.86-.8-3.56-2.1-4.64-1.08-.93-2.07-.9-4.33-.9h-2.94v9.81h1.3c2.48-.03,3.37-.06,3.81-1.39.22-.62.31-2.1.31-2.79h.59v8.91h-.56Z"></path> <path d="M78.93,20.69h5.01v12.1h2.01v.65h-7.06v-.65h2.14v-11.45h-2.1v-.65ZM82.37,12.08c1.02,0,1.83.8,1.83,1.83s-.8,1.83-1.83,1.83-1.83-.8-1.83-1.83.8-1.83,1.83-1.83Z"></path> <path d="M94.63,21.34h-3.31v9.22c0,.96-.03,2.26,1.52,2.26s1.76-1.27,1.86-1.76h.68c-.15.74-.59,2.75-3.47,2.75-1.52,0-2.75-.59-3.22-1.83-.25-.59-.25-1.27-.25-2.85v-7.8h-2.01v-.43c1.15-.5,2.07-1.36,2.85-2.32,1.21-1.45,1.42-2.38,1.58-3.03h.46v5.14h3.31v.65Z"></path> <path d="M107.72,29.29c-.43,2.2-2.07,4.52-5.42,4.52-3.62,0-6.37-2.97-6.37-6.62,0-3.99,3.09-6.87,6.75-6.87,2.88,0,4.64,1.79,4.64,3.34,0,.99-.68,1.73-1.58,1.73s-1.45-.8-1.45-1.64c0-.71.37-1.21.62-1.45.09-.12.16-.19.16-.31,0-.28-.77-1.05-2.44-1.05-.87,0-2.17.22-2.79,1.73-.49,1.21-.53,4.05-.53,5.45,0,1.05,0,2.23.31,3.09.34,1.02,1.18,1.92,2.78,1.92,2.6,0,4.12-1.98,4.55-3.84h.77Z"></path> <path d="M108.33,11.59h4.92v10.92c.53-.68,1.95-2.2,4.7-2.2,1.73,0,2.88.59,3.47,1.24.71.8.74,2.07.74,2.91v8.32h2.04v.65h-7.06v-.65h1.98v-8.51c0-1.3.03-3.03-2.07-3.03-.31,0-1.67,0-2.72,1.33-.96,1.24-1.02,2.48-1.08,4.98v5.23h1.98v.65h-7.06v-.65h2.07V12.24h-1.92v-.65Z"></path> </g></svg></a></div></div><div class="region region--nav"><div class="js-nav-toggle"><span class="nav-line nav-line--1"></span><span class="nav-line nav-line--2"></span><span class="nav-line nav-line--3"></span></div><div id="block-fs-homepage-main-menu" class="settings-tray-editable column" data-drupal-settingstray="editable"><ul class="menu menu-level--0"><li class="navigation__group"> <span class="overlay__navigation overlay" data-overlay="#navigation__businesses"> Businesses </span></li><li class="navigation__group"> <span class="overlay__navigation overlay" data-overlay="#navigation__about"> About </span></li><li class="navigation__group"> <a href="https://careers.fitch.group/go/Fitch-Solutions/8973301/" target="_blank">Careers</a></li><li class="navigation__group"> <a href="/contact-us" target="_self">Contact Us</a></li></ul></div></div><div class="region region--user"><div class="region--login"><div class="button button--login js-login">Client Login</div></div><div class="account__navigation"><ul><li><a href="https://bmi.fitchsolutions.com/" target="geoquant">BMI Platform</a></li><li><a href="https://app.geoquant.com/#/" target="geoquant">BMI Geoquant</a></li><li><a href="https://store.fitchsolutions.com/customer/account/login/" target="store">BMI Reports Store</a></li><li><a href="https://covenantreview.com/?return=%2Fclientportal%2Fclienthome" target="covenant-review">Covenant Review</a></li><li><a href="https://auth.fitch.group/login?appCode=creditSights" target="creditsights">CreditSights</a></li><li><a href="https://dv01app.com/" target="dv01">dv01</a></li><li><a href="https://auth.fitch.group/login?appCode=fitchConnect" target="fitch-connect">Fitch Connect</a></li><li><a href="https://erp.fitchlearning.com/erp/login.php?utm_source=FitchSolutions&utm_medium=website&utm_campaign=clientlogin" target="fitch-learning">Fitch Learning Portal</a></li><li><a href="https://auth.fitch.group/login?appCode=frp" target="fitch-ratings-pro">Fitch Ratings PRO</a></li><li><a href="https://accounts.levfin.fitchsolutions.com/clients/login" target="levfin-insights">LevFin Insights</a></li><li><a href="https://accounts.levfin.fitchsolutions.com/clients/login" target="pacer-monitor">PacerMonitor</a></li></ul></div><script type="text/javascript"> jQuery(window).on("load", function (e){ jQuery('.js-login').click(function () { if (jQuery(this).hasClass('active')) { jQuery(this).text('Close'); } else { jQuery(this).text('Client Login'); } if (jQuery(this).text() === 'Login') { jQuery(this).text('Client Login'); } }); }); </script></div></div></header> <main class="main"> <section class=" section section--spacing-below "><div class=" page-header bg--img bg--blend " style=" background-image: url('/sites/default/files/styles/component_1632x918_/public/page-header/gettyimages-2149967437-1632x918-2_0.jpg.webp?VersionId=p3HzgYyN7Nv2S6u6gNAwquMhmZ.A5_UJ&itok=oOKLy6MQ'); background-color: rgba(136,136,136,0.9); "><div class="wrapper--1"><div class="page-header__text"><h1 class="heading--1"> Empowering better-informed decisions in ever-changing markets</h1><p>Fitch Solutions provides indispensable insights, robust data, and powerful analytics <br>to help clients navigate credit markets, credit risk, ESG, developed and emerging markets,<br> across industries, sectors, entities and transactions.</p><div class="button__wrapper"> <a class=" button button--2 " href="#our-businesses" target="_self" data-url=""> OUR BUSINESSES </a> <a class=" button button--2 " href="/about-fitch-solutions" target="_self" data-url=""> ABOUT US </a> <a class=" button button--2 " href="#form" target="_self" data-url=""> Get in Touch </a></div></div></div></div> </section><script type="text/javascript"> document.body.classList.add("hasHeader"); </script><script type="text/javascript"> document.body.classList.add("header--inverted"); </script><section id="our-businesses" class=" section section--scroll section--spacing-above section--spacing-below " data-aos-delay="50"><div class=" " style=" "><div class="wrapper--1"><h3 class="heading--1 "> Our Businesses</h3><p>You’re under pressure to provide the critical guidance your organization needs to protect its interests and grow its profits. Our companies and business units help inform your investment strategies, strengthen risk management capabilities, and identify strategic opportunities.</p><div class=" grid__wrapper grid--column-12 grid--row-2-even "><div class=" grid grid--se-1-5 grid--as-top ta--left grid--bd grid--bdrs " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" "><div class="grid__content"><div> <a href="https://www.fitchsolutions.com/bmi" aria-label="BMI a FitchSolutions Company"><div style="padding: 15px 0 10px 0"><svg version="1.1" class="logo logo--bmi" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 176.7 50.8" xml:space="preserve" shape-rendering="geometricPrecision" style="width: auto; height: auto; max-height: 65px;"><style type="text/css"> .logo--bmi .st2{fill:url(#SVGID_1_);} .logo--bmi .st3{fill:url(#SVGID_00000106861278455207923120000002954000285353841024_);} .logo--bmi .st4{fill:#B8B8B8;} .logo--bmi { --lg-1: #2A8ABF; --lg-2: #174174; } [data-theme=dark] .logo--bmi .st4 { fill:#ffffff; } [data-theme=dark] .logo--bmi { --lg-1: #ffffff; } [data-theme=dark] .logo--bmi { --lg-2: #888888; } </style><g class="logo--color-1"><path d="M72.8,43.4h0.3v-0.1c0-0.9-0.5-1.2-1.1-1.2c-0.7,0-1.3,0.4-1.3,0.4l-0.3-0.5c0,0,0.6-0.5,1.6-0.5c1.1,0,1.7,0.6,1.7,1.7v2.9h-0.6v-0.5c0-0.2,0-0.4,0-0.4h0c0,0-0.4,1-1.5,1c-0.8,0-1.5-0.4-1.5-1.3C70.1,43.5,72.1,43.4,72.8,43.4z M71.7,45.8c0.9,0,1.4-0.9,1.4-1.7V44h-0.3c-0.7,0-2.1,0-2.1,1C70.7,45.4,71,45.8,71.7,45.8z"></path><polygon points="77.7,39.9 81,39.9 81,40.5 78.3,40.5 78.3,42.9 80.6,42.9 80.6,43.4 78.3,43.4 78.3,46.2 77.7,46.2"></polygon><rect x="82.1" y="39.9" width="0.6" height="0.8"></rect><rect x="82.1" y="41.7" width="0.6" height="4.5"></rect><path d="M84.4,42.3h-0.6v-0.5h0.6v-1.3H85v1.3h1.1v0.5H85v2.2c0,1.1,0.7,1.2,1,1.2c0.1,0,0.2,0,0.2,0v0.5c0,0-0.1,0-0.3,0c-0.5,0-1.6-0.2-1.6-1.7V42.3z"></path><path d="M89.2,41.6c1.1,0,1.6,0.6,1.6,0.6l-0.3,0.5c0,0-0.5-0.5-1.3-0.5c-1,0-1.8,0.7-1.8,1.8c0,1.1,0.8,1.8,1.8,1.8c0.9,0,1.4-0.6,1.4-0.6l0.3,0.5c0,0-0.6,0.7-1.8,0.7c-1.3,0-2.4-1-2.4-2.4C86.9,42.6,87.9,41.6,89.2,41.6z"></path><path d="M92.1,39.9h0.6v2.4c0,0.2,0,0.4,0,0.4h0c0.2-0.4,0.8-1.1,1.8-1.1c1.1,0,1.5,0.6,1.5,1.7v2.9h-0.6v-2.7c0-0.7-0.1-1.3-1-1.3c-0.8,0-1.4,0.5-1.6,1.3c-0.1,0.2-0.1,0.4-0.1,0.6v2.2h-0.6V39.9z"></path><path d="M97.5,45.1c0,0,0.7,0.7,1.6,0.7c0.7,0,1.3-0.4,1.3-1.1c0-1.6-3.1-1.2-3.1-3.1c0-0.9,0.8-1.7,2-1.7c1.1,0,1.7,0.6,1.7,0.6l-0.3,0.5c0,0-0.6-0.5-1.4-0.5c-0.8,0-1.3,0.5-1.3,1.1c0,1.5,3.1,1.1,3.1,3.1c0,0.9-0.7,1.7-1.9,1.7c-1.3,0-2-0.8-2-0.8L97.5,45.1z"></path><path d="M104.2,41.6c1.3,0,2.4,1,2.4,2.3c0,1.4-1.1,2.4-2.4,2.4c-1.3,0-2.4-1-2.4-2.4C101.9,42.6,102.9,41.6,104.2,41.6z M104.2,45.8c1,0,1.8-0.8,1.8-1.8c0-1-0.8-1.8-1.8-1.8c-1,0-1.8,0.8-1.8,1.8C102.5,45,103.3,45.8,104.2,45.8z"></path><path d="M107.7,39.9h0.6V45c0,0.6,0.3,0.7,0.5,0.7c0.1,0,0.2,0,0.2,0v0.5c0,0-0.1,0-0.2,0c-0.4,0-1-0.1-1-1.1V39.9z"></path><path d="M109.9,41.7h0.6v2.7c0,0.7,0.1,1.3,1,1.3c1,0,1.7-0.9,1.7-1.9v-2.2h0.6v4.5h-0.6v-0.7c0-0.2,0-0.4,0-0.4h0c-0.2,0.4-0.8,1.1-1.8,1.1c-1.1,0-1.5-0.6-1.5-1.7V41.7z"></path><path d="M115.4,42.3h-0.6v-0.5h0.6v-1.3h0.6v1.3h1.1v0.5H116v2.2c0,1.1,0.7,1.2,1,1.2c0.1,0,0.2,0,0.2,0v0.5c0,0-0.1,0-0.3,0c-0.5,0-1.6-0.2-1.6-1.7V42.3z"></path><rect x="118.2" y="39.9" width="0.6" height="0.8"></rect><rect x="118.2" y="41.7" width="0.6" height="4.5"></rect><path d="M122.4,41.6c1.3,0,2.4,1,2.4,2.3c0,1.4-1.1,2.4-2.4,2.4c-1.3,0-2.4-1-2.4-2.4C120,42.6,121,41.6,122.4,41.6z M122.4,45.8c1,0,1.8-0.8,1.8-1.8c0-1-0.8-1.8-1.8-1.8c-1,0-1.8,0.8-1.8,1.8C120.6,45,121.4,45.8,122.4,45.8z"></path><path d="M125.9,41.7h0.6v0.7c0,0.2,0,0.4,0,0.4h0c0.2-0.4,0.7-1.1,1.8-1.1c1.1,0,1.5,0.6,1.5,1.7v2.9h-0.6v-2.7c0-0.7-0.1-1.3-1-1.3c-0.8,0-1.4,0.5-1.6,1.3c-0.1,0.2-0.1,0.4-0.1,0.6v2.2h-0.6V41.7z"></path><path d="M131.1,45.2c0,0,0.5,0.5,1.3,0.5c0.5,0,0.9-0.2,0.9-0.7c0-1-2.4-0.7-2.4-2.2c0-0.8,0.7-1.2,1.5-1.2c0.9,0,1.4,0.5,1.4,0.5l-0.3,0.5c0,0-0.4-0.4-1.1-0.4c-0.5,0-0.9,0.2-0.9,0.7c0,1,2.4,0.7,2.4,2.2c0,0.7-0.6,1.3-1.5,1.3c-1.1,0-1.7-0.7-1.7-0.7L131.1,45.2z"></path><path d="M140.5,39.8c1.5,0,2.3,0.8,2.3,0.8l-0.3,0.5c0,0-0.7-0.7-1.9-0.7c-1.5,0-2.5,1.1-2.5,2.6c0,1.5,1.1,2.7,2.6,2.7c1.3,0,2-0.8,2-0.8l0.4,0.4c0,0-0.9,1-2.4,1c-1.9,0-3.2-1.5-3.2-3.3C137.3,41.2,138.7,39.8,140.5,39.8z"></path><path d="M146.1,41.6c1.3,0,2.4,1,2.4,2.3c0,1.4-1.1,2.4-2.4,2.4s-2.4-1-2.4-2.4C143.7,42.6,144.8,41.6,146.1,41.6z M146.1,45.8c1,0,1.8-0.8,1.8-1.8c0-1-0.8-1.8-1.8-1.8s-1.8,0.8-1.8,1.8C144.4,45,145.1,45.8,146.1,45.8z"></path><path d="M149.6,41.7h0.6v0.7c0,0.2,0,0.4,0,0.4h0c0.2-0.6,0.9-1.1,1.6-1.1c0.8,0,1.3,0.4,1.4,1.1h0c0.2-0.6,0.9-1.1,1.7-1.1c1.1,0,1.5,0.6,1.5,1.7v2.9h-0.6v-2.7c0-0.7-0.2-1.3-1-1.3c-0.7,0-1.3,0.6-1.4,1.3c-0.1,0.2-0.1,0.4-0.1,0.7v2.1h-0.6v-2.7c0-0.7-0.1-1.3-0.9-1.3c-0.7,0-1.3,0.6-1.5,1.3c0,0.2-0.1,0.4-0.1,0.6v2.1h-0.6V41.7z"></path><path d="M157.8,41.7h0.6v0.4c0,0.2,0,0.3,0,0.3h0c0,0,0.4-0.9,1.6-0.9c1.2,0,2,1,2,2.4c0,1.4-0.8,2.4-2,2.4c-1.1,0-1.5-0.9-1.5-0.9h0c0,0,0,0.2,0,0.4V48h-0.6V41.7z M159.8,45.8c0.8,0,1.4-0.7,1.4-1.8c0-1.1-0.6-1.8-1.4-1.8c-0.8,0-1.5,0.5-1.5,1.8C158.4,44.9,158.9,45.8,159.8,45.8z"></path><path d="M165.5,43.4h0.3v-0.1c0-0.9-0.5-1.2-1.1-1.2c-0.7,0-1.3,0.4-1.3,0.4l-0.3-0.5c0,0,0.6-0.5,1.6-0.5c1.1,0,1.7,0.6,1.7,1.7v2.9h-0.6v-0.5c0-0.2,0-0.4,0-0.4h0c0,0-0.4,1-1.5,1c-0.8,0-1.5-0.4-1.5-1.3C162.7,43.5,164.7,43.4,165.5,43.4z M164.4,45.8c0.9,0,1.4-0.9,1.4-1.7V44h-0.3c-0.7,0-2.1,0-2.1,1C163.4,45.4,163.7,45.8,164.4,45.8z"></path><path d="M167.8,41.7h0.6v0.7c0,0.2,0,0.4,0,0.4h0c0.2-0.4,0.7-1.1,1.8-1.1c1.1,0,1.5,0.6,1.5,1.7v2.9H171v-2.7c0-0.7-0.1-1.3-1-1.3c-0.8,0-1.4,0.5-1.6,1.3c-0.1,0.2-0.1,0.4-0.1,0.6v2.2h-0.6V41.7z"></path><path d="M172.6,47.4c0,0,0.3,0.2,0.5,0.2c0.4,0,0.7-0.3,0.9-0.7l0.3-0.6l-1.9-4.5h0.7l1.3,3.3c0.1,0.2,0.2,0.5,0.2,0.5h0c0,0,0.1-0.3,0.2-0.5l1.3-3.3h0.7l-2.2,5.4c-0.2,0.6-0.7,0.9-1.3,0.9c-0.5,0-0.8-0.3-0.8-0.3L172.6,47.4z"></path><path d="M69.8,4h10.3c5,0,8.6,2.8,8.6,7.5c0,2.9-1.4,5.2-3.7,6.4V18c3.1,0.9,4.9,3.9,4.9,7.2c0,5.6-4.3,8.4-9.5,8.4H69.8V4z M80.1,16.4c2.7,0,4.4-1.9,4.4-4.5c0-2.6-1.6-4.4-4.4-4.4H74v8.8H80.1z M80.6,29.9c3.2,0,5.1-2,5.1-5s-2-5.1-5.1-5.1H74v10.1H80.6z"></path><path d="M97.1,4h4.4l6.8,16c0.7,1.6,1.5,4,1.5,4h0.1c0,0,0.8-2.3,1.5-4L118,4h4.4l2.4,29.5h-4.1l-1.5-18.6c-0.1-1.8,0-4.4,0-4.4H119c0,0-0.9,2.7-1.6,4.4l-5.9,13.3h-3.7L102,14.9c-0.7-1.6-1.6-4.4-1.6-4.4h-0.1c0,0,0,2.6-0.1,4.4l-1.4,18.6h-4.1L97.1,4z"></path><rect x="130.6" y="4" width="4.1" height="29.5"></rect></g><g class="logo--color-2"><path class="st1" d="M153.4,18.4l0.1,0c0-0.1,0-0.1,0-0.2c0,0,0-0.1,0-0.1c0,0,0-0.1,0-0.1l-0.2,0c0,0,0,0.1,0,0.1l0,0.1C153.3,18.2,153.3,18.3,153.4,18.4z"></path><path class="st1" d="M153.3,17.7l0.3,0.1c0-0.1,0-0.1,0-0.2c0,0,0-0.1,0-0.1c0,0,0-0.1,0-0.1l-0.4-0.1c0,0,0,0.1,0,0.1l0,0.1l0,0.1C153.2,17.7,153.2,17.7,153.3,17.7z"></path><path class="st1" d="M153.2,17l0.5,0.2c0-0.1,0.1-0.2,0.1-0.4l-0.6-0.3C153.3,16.7,153.2,16.9,153.2,17z"></path><path class="st1" d="M153.3,16.3l0.6,0.3c0.1-0.1,0.1-0.2,0.2-0.3l-0.7-0.4C153.4,16,153.4,16.2,153.3,16.3z"></path><path class="st1" d="M153.5,15.6l0.8,0.5c0.1-0.1,0.1-0.2,0.2-0.3l-0.8-0.6C153.6,15.3,153.6,15.5,153.5,15.6z"></path><path class="st1" d="M153.8,14.9c0.3,0.2,0.6,0.5,0.8,0.7c0.1-0.1,0.2-0.2,0.3-0.3c-0.3-0.3-0.6-0.6-0.9-0.9C154,14.6,153.9,14.8,153.8,14.9z"></path><path class="st1" d="M154.2,14.2c0.3,0.3,0.6,0.6,0.9,0.9c0.1-0.1,0.2-0.2,0.3-0.2c-0.3-0.4-0.6-0.8-0.9-1.1C154.4,13.9,154.3,14.1,154.2,14.2z"></path><path class="st1" d="M154.7,13.6c0.3,0.4,0.6,0.8,0.9,1.2c0.1-0.1,0.2-0.1,0.3-0.2c-0.3-0.5-0.5-0.9-0.8-1.4C154.9,13.3,154.8,13.4,154.7,13.6z"></path><path class="st1" d="M155.2,13c0.3,0.5,0.6,1,0.8,1.5c0,0,0.1,0,0.1,0c0,0,0.1,0,0.1,0c0.1,0,0.1-0.1,0.2-0.1c-0.2-0.6-0.5-1.1-0.7-1.7C155.5,12.7,155.4,12.9,155.2,13z"></path><path class="st1" d="M155.9,12.5c0.2,0.6,0.5,1.2,0.7,1.8c0.1,0,0.1,0,0.2-0.1c0.1,0,0.1,0,0.2-0.1c-0.2-0.6-0.4-1.3-0.5-1.9c0,0-0.1,0-0.1,0.1l-0.1,0.1l-0.1,0.1C156,12.4,156,12.4,155.9,12.5z"></path><path class="st1" d="M156.7,12c0.2,0.7,0.4,1.3,0.5,2c0.1,0,0.1,0,0.2,0c0.1,0,0.1,0,0.2,0c-0.1-0.7-0.2-1.5-0.3-2.2c0,0-0.1,0-0.1,0.1l-0.1,0.1l-0.1,0.1C156.8,12,156.7,12,156.7,12z"></path><path class="st1" d="M157.5,11.6c0.1,0.8,0.2,1.5,0.3,2.3c0.1,0,0.2,0,0.4,0c0-0.8,0-1.6-0.1-2.4C157.9,11.5,157.7,11.6,157.5,11.6z"></path><path class="st1" d="M158.4,11.4c0,0.8,0,1.7,0,2.5l0.1,0l0.1,0c0,0,0,0,0,0l0,0c0,0,0.1,0,0.1,0c0.1-0.9,0.2-1.7,0.2-2.6C158.8,11.3,158.6,11.4,158.4,11.4z"></path><path class="st1" d="M159.3,11.3c-0.1,0.9-0.2,1.8-0.3,2.7c0.1,0,0.2,0,0.3,0.1c0.2-0.9,0.4-1.8,0.6-2.7C159.8,11.2,159.6,11.2,159.3,11.3z"></path><path class="st1" d="M160.3,11.2c-0.2,0.9-0.4,1.9-0.7,2.8l0.1,0c0,0,0.1,0,0.1,0l0,0l0,0c0,0,0.1,0,0.1,0c0.3-0.9,0.7-1.9,1-2.8C160.8,11.3,160.5,11.3,160.3,11.2z"></path><path class="st1" d="M161.3,11.3c-0.4,1-0.7,1.9-1.1,2.9l0.1,0l0.1,0c0,0,0.1,0,0.1,0c0,0,0.1,0,0.1,0c0.5-1,1-1.9,1.4-2.9C161.7,11.4,161.5,11.4,161.3,11.3z"></path><path class="st1" d="M162.3,11.6c-0.5,1-1,1.9-1.5,2.9c0.1,0.1,0.2,0.1,0.3,0.2c0.6-0.9,1.3-1.9,1.9-2.8C162.7,11.8,162.5,11.7,162.3,11.6z"></path><path class="st1" d="M163.3,12c-0.7,1-1.3,1.9-2,2.8c0,0,0,0,0.1,0.1l0.1,0.1c0,0,0.1,0.1,0.1,0.1c0.8-0.9,1.6-1.8,2.4-2.7C163.7,12.2,163.5,12.1,163.3,12z"></path><path class="st1" d="M164.2,12.5c-0.8,0.9-1.6,1.8-2.4,2.7c0.1,0.1,0.2,0.2,0.2,0.2c0.9-0.9,1.9-1.7,2.8-2.5C164.6,12.8,164.4,12.6,164.2,12.5z"></path><path class="st1" d="M165.1,13.1c-1,0.9-1.9,1.7-2.9,2.5l0.1,0.1l0,0l0,0l0.1,0.1l0,0.1c1.1-0.8,2.2-1.5,3.3-2.3C165.5,13.5,165.3,13.3,165.1,13.1z"></path><path class="st1" d="M165.9,13.9c-1.1,0.8-2.2,1.5-3.4,2.3c0,0,0.1,0.1,0.1,0.1c0,0,0.1,0.1,0.1,0.1c1.2-0.7,2.5-1.3,3.7-1.9C166.3,14.3,166.1,14.1,165.9,13.9z"></path><path class="st1" d="M166.6,14.8c-1.3,0.7-2.5,1.3-3.8,1.9l0,0.1c0,0,0,0,0,0.1c0,0,0,0.1,0.1,0.1c1.4-0.5,2.7-1,4.1-1.5C166.9,15.2,166.8,15,166.6,14.8z"></path><path class="st1" d="M167.3,15.8c-1.4,0.5-2.8,1-4.2,1.5l0,0.1l0,0.1c0,0.1,0,0.1,0,0.2c1.5-0.4,3-0.7,4.4-1.1C167.5,16.2,167.4,16,167.3,15.8z"></path><path class="st1" d="M167.8,16.8c-1.5,0.3-3,0.7-4.5,1l0,0.1c0,0,0,0.1,0,0.1c0,0.1,0,0.1,0,0.2c1.6-0.2,3.2-0.4,4.7-0.5C168,17.4,167.9,17.1,167.8,16.8z"></path><path class="st1" d="M168.1,18c-1.6,0.2-3.2,0.3-4.8,0.5c0,0.1,0,0.1,0,0.2l0,0.1l0,0.1c1.7,0,3.3,0,5,0.1C168.3,18.5,168.2,18.3,168.1,18z"></path><path class="st1" d="M168.4,19.2c-1.7,0-3.4-0.1-5-0.1c0,0.1,0,0.2,0,0.3c1.7,0.2,3.4,0.4,5.1,0.7C168.4,19.8,168.4,19.5,168.4,19.2z"></path><path class="st1" d="M168.4,20.5c-1.7-0.2-3.5-0.5-5.2-0.8c0,0.1,0,0.2-0.1,0.3c1.7,0.4,3.5,0.9,5.2,1.4C168.4,21.1,168.4,20.8,168.4,20.5z"></path><path class="st1" d="M168.3,21.8c-1.7-0.5-3.5-1-5.2-1.5c0,0.1-0.1,0.2-0.1,0.3c1.7,0.7,3.4,1.4,5.2,2.1C168.2,22.3,168.3,22.1,168.3,21.8z"></path><path class="st1" d="M168.1,23.1c-1.7-0.7-3.5-1.5-5.2-2.2c0,0,0,0.1-0.1,0.1l0,0.1l0,0.1c1.7,0.9,3.4,1.8,5,2.8C167.9,23.6,168,23.3,168.1,23.1z"></path><path class="st1" d="M167.7,24.3c-1.7-1-3.4-1.9-5-2.9l0,0.1c0,0,0,0,0,0.1c0,0-0.1,0.1-0.1,0.1c0.8,0.6,1.6,1.2,2.4,1.7c0.8,0.6,1.6,1.2,2.4,1.8C167.4,24.9,167.5,24.6,167.7,24.3z"></path><path class="st1" d="M167.1,25.5c-1.6-1.2-3.2-2.4-4.8-3.7c0,0,0,0,0,0.1l0,0.1l0,0l0,0l0,0.1c1.5,1.4,3,2.8,4.5,4.2C166.7,26.1,166.9,25.8,167.1,25.5z"></path><path class="st1" d="M166.3,26.7c-1.5-1.4-3-2.9-4.5-4.4c0,0-0.1,0.1-0.1,0.1c0,0-0.1,0.1-0.1,0.1c1.4,1.6,2.7,3.2,4.1,4.9C165.9,27.2,166.1,27,166.3,26.7z"></path><path class="st1" d="M165.4,27.8c-1.4-1.7-2.7-3.3-4-5c0,0-0.1,0.1-0.1,0.1c0,0-0.1,0.1-0.1,0.1c1.2,1.8,2.4,3.7,3.5,5.5c0.1-0.1,0.1-0.1,0.2-0.2l0.2-0.2l0.2-0.2C165.3,27.9,165.3,27.8,165.4,27.8z"></path><path class="st1" d="M164.3,28.7c-1.2-1.9-2.3-3.8-3.5-5.7l-0.1,0.1l-0.1,0l0,0l0,0c1,2,2,4,2.9,6.1C163.8,29.1,164.1,28.9,164.3,28.7z"></path><path class="st1" d="M163.1,29.6c-1-2.1-1.9-4.1-2.8-6.2c0,0-0.1,0-0.1,0.1c0,0-0.1,0-0.1,0c0.8,2.2,1.5,4.4,2.2,6.6C162.6,29.9,162.9,29.8,163.1,29.6z"></path><path class="st1" d="M161.8,30.3c-0.7-2.2-1.4-4.5-2.1-6.7c-0.1,0-0.2,0-0.3,0.1c0.5,2.3,1,4.7,1.4,7C161.2,30.5,161.5,30.4,161.8,30.3z"></path><path class="st1" d="M160.4,30.8c-0.4-2.4-0.9-4.7-1.3-7.1c0,0-0.1,0-0.1,0l-0.1,0c0,0,0,0-0.1,0c0.2,2.4,0.4,4.9,0.6,7.3C159.8,31,160.1,30.9,160.4,30.8z"></path><path class="st1" d="M158.9,31.2c-0.2-2.5-0.3-4.9-0.4-7.4l-0.1,0c0,0-0.1,0-0.1,0c-0.1,2.5-0.2,5-0.3,7.5c0.2,0,0.3,0,0.5,0l0.2,0C158.8,31.2,158.8,31.2,158.9,31.2z"></path><path class="st1" d="M157.4,31.3c0.1-2.5,0.3-5.1,0.5-7.6c0,0,0,0-0.1,0l-0.1,0c0,0-0.1,0-0.1,0c-0.4,2.5-0.8,5.1-1.3,7.6C156.7,31.3,157,31.3,157.4,31.3z"></path><path class="st1" d="M155.8,31.3c0.5-2.6,1-5.1,1.5-7.7c0,0,0,0-0.1,0l-0.1,0c0,0-0.1,0-0.1,0c-0.7,2.5-1.5,5.1-2.3,7.6C155.1,31.2,155.4,31.3,155.8,31.3z"></path><path class="st1" d="M154.2,31.1c0.8-2.5,1.7-5.1,2.5-7.6c0,0-0.1,0-0.1,0l-0.1,0c-1.1,2.5-2.2,5-3.3,7.4C153.5,30.9,153.9,31,154.2,31.1z"></path><path class="st1" d="M152.6,30.6c1.1-2.5,2.3-5,3.5-7.4c0,0-0.1,0-0.1-0.1l-0.1-0.1c-1.4,2.4-2.8,4.8-4.3,7.1c0.1,0,0.2,0.1,0.2,0.1l0.2,0.1C152.3,30.5,152.5,30.6,152.6,30.6z"></path><path class="st1" d="M151.1,30c1.5-2.4,3-4.7,4.5-7.1c0,0-0.1,0-0.1-0.1l-0.1,0c0,0,0,0-0.1,0c-1.7,2.3-3.5,4.5-5.3,6.7C150.5,29.7,150.8,29.8,151.1,30z"></path><path class="st1" d="M149.6,29.2c0.9-1.1,1.8-2.2,2.7-3.3c0.9-1.1,1.8-2.2,2.8-3.3c0,0-0.1-0.1-0.1-0.1c0,0-0.1-0.1-0.1-0.1c-2,2.1-4.1,4.1-6.2,6.1C149.1,28.7,149.4,29,149.6,29.2z"></path><path class="st1" d="M148.3,28.1c2.1-2,4.3-4,6.4-6l0,0l0,0l0,0l0,0c-2.3,1.9-4.7,3.7-7,5.5C147.8,27.6,148,27.9,148.3,28.1z"></path><path class="st1" d="M147.1,26.9c2.4-1.8,4.8-3.6,7.3-5.3c0,0,0-0.1-0.1-0.1c0,0,0-0.1-0.1-0.1c-2.6,1.6-5.2,3.1-7.8,4.7C146.6,26.4,146.8,26.7,147.1,26.9z"></path><path class="st1" d="M146,25.6c2.7-1.5,5.3-3,8-4.4c0-0.1-0.1-0.1-0.1-0.2c-1.4,0.6-2.8,1.3-4.2,1.9c-1.4,0.6-2.8,1.2-4.3,1.8C145.6,24.9,145.8,25.3,146,25.6z"></path><path class="st1" d="M145,24c2.9-1.2,5.8-2.4,8.7-3.5c0,0,0-0.1,0-0.1c0,0,0-0.1,0-0.1c-3,0.9-6.1,1.8-9.1,2.7C144.7,23.4,144.9,23.7,145,24z"></path><path class="st1" d="M144.3,22.4c3.1-0.9,6.2-1.7,9.3-2.4c0,0,0-0.1,0-0.1c0,0,0,0,0-0.1l0-0.1c-1.6,0.3-3.2,0.6-4.8,0.8c-1.6,0.3-3.2,0.5-4.8,0.8C144.1,21.7,144.2,22,144.3,22.4z"></path><path class="st1" d="M153.5,19.1c0,0,0,0.1,0,0.1c0,0,0,0.1,0,0.1c-3.3,0.4-6.5,0.8-9.8,1.2l0-0.2l0-0.2l0-0.1l0-0.1l0-0.3C146.9,19.5,150.2,19.3,153.5,19.1z"></path><path class="st1" d="M153.5,18.5C153.5,18.6,153.5,18.6,153.5,18.5c0,0.1,0,0.1,0,0.1l0,0.1c-3.3,0-6.6,0-9.9,0.1l0-0.2l0-0.1l0-0.1l0-0.2l0-0.2C146.9,18.1,150.2,18.4,153.5,18.5z"></path><path class="st1" d="M153.5,17.9c0,0.1,0,0.1,0,0.2c-3.3-0.4-6.5-0.8-9.8-1.2c0-0.3,0.1-0.6,0.2-1C147.1,16.7,150.3,17.3,153.5,17.9z"></path><path class="st1" d="M153.7,17.4c0,0.1,0,0.1-0.1,0.2c-3.2-0.8-6.4-1.6-9.6-2.4l0.1-0.2l0-0.1l0-0.1l0.1-0.2c0-0.1,0-0.2,0.1-0.2C147.4,15.3,150.5,16.4,153.7,17.4z"></path><path class="st1" d="M153.9,16.8C153.9,16.8,153.9,16.8,153.9,16.8l-0.1,0.1l0,0c-3.1-1.2-6.1-2.4-9.2-3.6c0.1-0.1,0.1-0.3,0.2-0.4l0.1-0.2l0.1-0.2C147.9,14,150.9,15.4,153.9,16.8z"></path><path class="st1" d="M154.2,16.2C154.2,16.3,154.1,16.3,154.2,16.2c-0.1,0.1-0.1,0.1-0.1,0.2c-2.9-1.6-5.8-3.2-8.7-4.7l0.1-0.2c0-0.1,0.1-0.1,0.1-0.2c0.1-0.1,0.2-0.3,0.2-0.4C148.6,12.7,151.4,14.5,154.2,16.2z"></path><path class="st1" d="M154.5,15.7L154.5,15.7C154.5,15.8,154.5,15.8,154.5,15.7c-0.1,0.1-0.1,0.1-0.1,0.1c-2.7-1.9-5.3-3.8-8.1-5.7l0.1-0.2l0.1-0.2l0.1-0.1l0.1-0.1l0.1-0.2C149.4,11.6,152,13.7,154.5,15.7z"></path><path class="st1" d="M154.9,15.3C154.9,15.3,154.9,15.3,154.9,15.3l-0.1,0.1c-2.4-2.3-4.8-4.5-7.3-6.7c0.1-0.1,0.2-0.2,0.3-0.3c0.1-0.1,0.1-0.1,0.2-0.2c0.1-0.1,0.1-0.1,0.2-0.2C150.4,10.5,152.6,12.9,154.9,15.3z"></path><path class="st1" d="M155.4,14.9L155.4,14.9l-0.1,0.1c-1.1-1.3-2.1-2.5-3.2-3.8c-1.1-1.3-2.1-2.5-3.2-3.7c0.1,0,0.1-0.1,0.2-0.1l0.2-0.1l0.2-0.1c0.1,0,0.1-0.1,0.2-0.1C151.5,9.6,153.4,12.3,155.4,14.9z"></path><path class="st1" d="M155.9,14.5L155.9,14.5c-0.1,0.1-0.1,0.1-0.1,0.1c-1.8-2.8-3.6-5.5-5.4-8.3c0.1-0.1,0.2-0.2,0.4-0.2l0.2-0.1L151,6l0.1-0.1C152.6,8.8,154.3,11.7,155.9,14.5z"></path><path class="st1" d="M156.4,14.3c-0.1,0-0.1,0-0.2,0.1c-1.4-3-2.9-5.9-4.4-8.9c0.3-0.1,0.5-0.2,0.8-0.3C153.9,8.2,155.2,11.2,156.4,14.3z"></path><path class="st1" d="M157,14.1c-0.1,0-0.1,0-0.2,0c-1-3.1-2.1-6.2-3.2-9.3c0.3-0.1,0.5-0.2,0.8-0.2C155.3,7.7,156.1,10.9,157,14.1z"></path><path class="st1" d="M157.6,13.9c-0.1,0-0.1,0-0.2,0c-0.6-3.2-1.3-6.5-2-9.7c0.3-0.1,0.5-0.1,0.8-0.1C156.6,7.4,157.1,10.7,157.6,13.9z"></path><path class="st1" d="M158.2,13.9L158.2,13.9c-0.1,0-0.1,0-0.2,0c-0.2-3.3-0.5-6.6-0.8-9.8c0.1,0,0.3,0,0.4,0c0.1,0,0.3,0,0.4,0C158.1,7.3,158.1,10.6,158.2,13.9z"></path><path class="st1" d="M158.8,13.9C158.8,13.9,158.8,13.9,158.8,13.9l-0.2,0c0.2-3.3,0.3-6.6,0.4-9.9c0.1,0,0.3,0,0.4,0c0.1,0,0.3,0,0.4,0C159.5,7.3,159.1,10.6,158.8,13.9z"></path><path class="st1" d="M159.4,14C159.4,14,159.4,14,159.4,14l-0.1,0c0.6-3.2,1.1-6.5,1.6-9.7c0.1,0,0.2,0,0.4,0.1c0.1,0,0.2,0.1,0.4,0.1C160.9,7.6,160.1,10.8,159.4,14z"></path><path class="st1" d="M160,14.2C160,14.1,160,14.1,160,14.2l-0.1,0c1-3.1,1.9-6.3,2.8-9.5c0.1,0,0.2,0.1,0.4,0.1c0.1,0,0.2,0.1,0.4,0.1C162.3,8,161.1,11,160,14.2z"></path><path class="st1" d="M160.6,14.4L160.6,14.4l-0.1-0.1c1.4-3,2.7-6,4-9c0.1,0.1,0.2,0.1,0.3,0.2c0.1,0.1,0.2,0.1,0.3,0.2C163.6,8.5,162.1,11.4,160.6,14.4z"></path><path class="st1" d="M161.1,14.7c0,0-0.1-0.1-0.1-0.1c1.7-2.8,3.4-5.6,5.1-8.5c0.1,0.1,0.2,0.1,0.3,0.2c0.1,0.1,0.2,0.1,0.3,0.2C164.8,9.2,162.9,12,161.1,14.7z"></path><path class="st1" d="M161.6,15.1L161.6,15.1c-0.1-0.1-0.1-0.1-0.1-0.1c2.1-2.6,4.1-5.2,6.1-7.8c0.1,0.1,0.2,0.1,0.3,0.2c0.1,0.1,0.2,0.1,0.3,0.2C165.9,10.1,163.7,12.6,161.6,15.1z"></path><path class="st1" d="M162,15.5L162,15.5c2.3-2.4,4.6-4.7,6.9-7.1l0.1,0.1l0.1,0.1l0.1,0.1l0.1,0.1C166.9,11.1,164.5,13.3,162,15.5z"></path><path class="st1" d="M162.4,16c0,0-0.1-0.1-0.1-0.1c2.6-2,5.2-4,7.8-6c0.1,0.1,0.1,0.2,0.2,0.3c0.1,0.1,0.1,0.2,0.2,0.3C167.8,12.2,165.1,14.1,162.4,16z"></path><path class="st1" d="M162.7,16.5c0,0,0-0.1-0.1-0.1c2.9-1.6,5.7-3.3,8.5-5c0.1,0.2,0.2,0.4,0.3,0.6C168.6,13.4,165.7,14.9,162.7,16.5z"></path><path class="st1" d="M163,17c0,0,0-0.1,0-0.1c3-1.3,6.1-2.6,9.1-3.9l0.1,0.3c0,0.1,0.1,0.2,0.1,0.3C169.2,14.7,166.1,15.9,163,17z"></path><path class="st1" d="M163.2,17.6c0,0,0-0.1,0-0.1c3.2-0.9,6.3-1.8,9.5-2.8l0.1,0.3c0,0.1,0.1,0.2,0.1,0.3C169.6,16.1,166.4,16.8,163.2,17.6z"></path><path class="st1" d="M163.3,18.2c0,0,0-0.1,0-0.1c3.3-0.5,6.5-1,9.8-1.6c0,0.2,0.1,0.4,0.1,0.6C169.8,17.5,166.6,17.8,163.3,18.2z"></path><path class="st1" d="M163.3,18.8l0-0.1c3.3-0.1,6.6-0.2,9.9-0.3c0,0.1,0,0.2,0,0.3l0,0.1l0,0.1C169.9,18.9,166.6,18.8,163.3,18.8z"></path><path class="st1" d="M163.3,19.4c0,0,0-0.1,0-0.1c3.3,0.3,6.6,0.6,9.8,0.9c0,0.1,0,0.2,0,0.3c0,0.1,0,0.2,0,0.3C169.8,20.3,166.6,19.9,163.3,19.4z"></path><path class="st1" d="M163.2,20c0,0,0-0.1,0-0.1c3.2,0.7,6.4,1.4,9.7,2.1c0,0.1,0,0.2-0.1,0.3c0,0.1,0,0.2-0.1,0.3C169.6,21.7,166.4,20.9,163.2,20z"></path><path class="st1" d="M163,20.6C163,20.6,163,20.5,163,20.6c3.1,1,6.2,2.1,9.4,3.2c0,0.1-0.1,0.2-0.1,0.2c0,0.1-0.1,0.2-0.1,0.2C169.1,23.1,166.1,21.8,163,20.6z"></path><path class="st1" d="M162.7,21.2C162.8,21.1,162.8,21.1,162.7,21.2c3,1.4,5.9,2.9,8.9,4.3c0,0.1-0.1,0.2-0.1,0.2l-0.1,0.1l-0.1,0.1C168.5,24.3,165.6,22.7,162.7,21.2z"></path><path class="st1" d="M162.4,21.7C162.4,21.7,162.5,21.6,162.4,21.7c2.8,1.8,5.5,3.6,8.3,5.4c-0.1,0.1-0.2,0.3-0.3,0.4C167.8,25.5,165.1,23.6,162.4,21.7z"></path><path class="st1" d="M162,22.2L162,22.2L162,22.2c2.5,2.1,5,4.3,7.5,6.4l-0.2,0.2l-0.2,0.2C166.9,26.6,164.4,24.4,162,22.2z"></path><path class="st1" d="M161.6,22.6C161.6,22.6,161.6,22.5,161.6,22.6c2.3,2.4,4.5,4.8,6.7,7.3c-0.1,0.1-0.1,0.1-0.2,0.2l-0.2,0.2C165.8,27.6,163.7,25.1,161.6,22.6z"></path><path class="st1" d="M161.1,23C161.1,22.9,161.1,22.9,161.1,23c1.9,2.7,3.8,5.4,5.7,8.1l-0.1,0.1l-0.1,0.1l-0.2,0.1C164.7,28.5,162.9,25.7,161.1,23z"></path><path class="st1" d="M160.6,23.3L160.6,23.3c1.6,2.9,3.1,5.8,4.7,8.7c-0.1,0.1-0.3,0.1-0.4,0.2C163.5,29.2,162,26.2,160.6,23.3z"></path><path class="st1" d="M160,23.5L160,23.5c1.2,3.1,2.4,6.1,3.5,9.2c-0.1,0-0.3,0.1-0.4,0.1C162.1,29.7,161.1,26.6,160,23.5z"></path><path class="st1" d="M159.4,23.7L159.4,23.7c0.8,3.2,1.6,6.4,2.4,9.6c-0.1,0-0.3,0.1-0.4,0.1C160.8,30.1,160.1,26.9,159.4,23.7z"></path><path class="st1" d="M158.8,23.7L158.8,23.7c0.4,3.3,0.8,6.5,1.2,9.8c-0.1,0-0.3,0-0.4,0C159.4,30.3,159.1,27,158.8,23.7z"></path><path class="st1" d="M158.2,23.8C158.2,23.8,158.3,23.8,158.2,23.8c0,3.3,0,6.6-0.1,9.9c-0.1,0-0.2,0-0.4,0C157.9,30.3,158.1,27,158.2,23.8z"></path><path class="st1" d="M157.6,23.7C157.6,23.7,157.6,23.7,157.6,23.7c-0.4,3.3-0.9,6.5-1.3,9.8c-0.1,0-0.2,0-0.3-0.1C156.5,30.2,157.1,26.9,157.6,23.7z"></path><path class="st1" d="M157,23.6C157,23.6,157,23.6,157,23.6c-0.8,3.2-1.7,6.4-2.5,9.6c-0.1,0-0.2-0.1-0.3-0.1C155.1,29.9,156.1,26.7,157,23.6z"></path><path class="st1" d="M156.4,23.4C156.5,23.4,156.5,23.4,156.4,23.4c-1.2,3.1-2.5,6.1-3.7,9.2c-0.1,0-0.2-0.1-0.3-0.1C153.8,29.4,155.1,26.4,156.4,23.4z"></path><path class="st1" d="M155.9,23.1L155.9,23.1c-1.6,2.9-3.2,5.8-4.8,8.6c-0.1,0-0.2-0.1-0.3-0.1C152.5,28.7,154.2,25.9,155.9,23.1z"></path><path class="st1" d="M155.4,22.7L155.4,22.7c-1.9,2.7-3.9,5.3-5.8,8l-0.2-0.2C151.4,28,153.4,25.4,155.4,22.7z"></path><path class="st1" d="M154.9,22.3L154.9,22.3c-2.2,2.4-4.5,4.8-6.8,7.2l-0.2-0.2C150.3,27,152.6,24.7,154.9,22.3z"></path><path class="st1" d="M154.5,21.9L154.5,21.9c-2.5,2.1-5.1,4.2-7.6,6.3c-0.1-0.1-0.1-0.1-0.2-0.2C149.3,26,151.9,23.9,154.5,21.9z"></path><path class="st1" d="M154.2,21.4C154.2,21.4,154.2,21.4,154.2,21.4c-2.8,1.8-5.6,3.5-8.3,5.3c0-0.1-0.1-0.1-0.1-0.2C148.5,24.8,151.3,23.1,154.2,21.4z"></path><path class="st1" d="M153.9,20.8C153.9,20.9,153.9,20.9,153.9,20.8c-3,1.4-6,2.8-8.9,4.2c0-0.1-0.1-0.1-0.1-0.2C147.9,23.5,150.9,22.2,153.9,20.8z"></path><path class="st1" d="M153.7,20.3C153.7,20.3,153.7,20.3,153.7,20.3c-3.1,1-6.3,2-9.4,3.1c0-0.1,0-0.1-0.1-0.2C147.4,22.2,150.5,21.2,153.7,20.3z"></path><path class="st1" d="M153.5,19.7C153.5,19.7,153.5,19.7,153.5,19.7c-3.2,0.6-6.5,1.2-9.7,1.9c0-0.1,0-0.1,0-0.2C147,20.8,150.3,20.3,153.5,19.7z"></path></g><lineargradient id="SVGID_1_" gradientunits="userSpaceOnUse" x1="24.1823" y1="50.8359" x2="24.1823" y2="38.7385"><stop offset="0.4859" style="stop-color:var(--lg-1);"></stop><stop offset="1" style="stop-color:var(--lg-2);"></stop></lineargradient><rect x="20.7" y="38.7" class="st2" width="6.9" height="12.1"></rect><g class="logo--color-2"><polygon class="st1" points="19,0 0,32.8 0,37.2 15.8,37.2 20.7,37.2 27.6,37.2 34.5,37.2 34.5,31.2 27.6,31.2 20.7,31.2 7.8,31.2 7.8,31 20.7,7.6 27.6,0"></polygon><path class="st1" d="M27.6,7.9V0l-6.9,7.6v9.1C22.1,12.8,24.5,9.8,27.6,7.9z"></path></g><lineargradient id="SVGID_00000126291933483458473250000008346384192075932304_" gradientunits="userSpaceOnUse" x1="21.9486" y1="6.2656" x2="27.1151" y2="11.0716"><stop offset="0" style="stop-color:var(--lg-1);"></stop><stop offset="1" style="stop-color:var(--lg-2);"></stop></lineargradient><path style="fill:url(#SVGID_00000126291933483458473250000008346384192075932304_);" d="M27.6,7.9V0l-6.9,7.6v9.1C22.1,12.8,24.5,9.8,27.6,7.9z"></path><g class="logo--color-1"><path d="M20.7,26.3c0-10,4.2-19.5,17-19.5c12.9,0,17.1,9.5,17.1,19.5c0,10-4.2,19.6-17.1,19.6c-7,0-11.5-2.9-14-7.1 h9.1c1.3,0.7,3,1.1,5,1.1c7.9,0,10.2-5.9,10.2-13.5c0-7.5-2.3-13.4-10.2-13.4c-7.9,0-10.1,5.9-10.1,13.4v3.4h-6.9V26.3z"></path></g><g><rect x="61.8" y="0" class="st4" width="1" height="50.8"></rect></g><g class="logo--color-2"><path class="st1" d="M30.8,2.9l-1.6-2.8h1L31,1.5c0.2,0.3,0.3,0.7,0.3,0.7h0c0,0,0.1-0.4,0.3-0.7l0.8-1.4h1l-1.6,2.8v2h-0.9V2.9z"></path><path class="st1" d="M34,0.1h2.9v0.8h-2v1.3h1.6v0.8h-1.6v1.3H37V5h-3V0.1z"></path><path class="st1" d="M40.4,3.7h-1.7L38.3,5h-0.9l1.7-4.9H40L41.7,5h-0.9L40.4,3.7z M39.5,0.9c0,0-0.1,0.5-0.2,0.8L38.9,3h1.3l-0.4-1.3C39.6,1.4,39.5,0.9,39.5,0.9L39.5,0.9z"></path><path class="st1" d="M42.3,0.1h1.6c0.5,0,0.8,0,1,0.1c0.5,0.2,0.8,0.7,0.8,1.3c0,0.6-0.3,1.1-0.8,1.3v0c0,0,0.1,0.1,0.2,0.2l1,1.8h-1l-1-1.8h-0.9V5h-0.9V0.1z M44,2.4c0.5,0,0.8-0.3,0.8-0.8c0-0.5-0.2-0.8-0.9-0.8h-0.7v1.5H44z"></path><path class="st1" d="M47,3.7c0,0,0.5,0.5,1.2,0.5c0.4,0,0.7-0.2,0.7-0.6c0-0.9-2.3-0.7-2.3-2.2c0-0.8,0.7-1.4,1.6-1.4c1,0,1.5,0.5,1.5,0.5l-0.4,0.7c0,0-0.5-0.4-1.1-0.4c-0.4,0-0.7,0.2-0.7,0.6c0,0.9,2.3,0.7,2.3,2.2c0,0.8-0.6,1.4-1.6,1.4c-1.1,0-1.7-0.7-1.7-0.7L47,3.7z"></path></g></svg></div> </a></div><p>Gain a better understanding of opportunities and risks in 200 markets and 20+ industries. We provide insights where reliable information is hard to find and difficult to interpret, with <a href="https://www.fitchsolutions.com/bmi/country-risk-service">Country Risk</a> data and research, <a href="https://www.fitchsolutions.com/bmi/industry-research">Industry Research</a>, and high frequency geopolitical risk indicators from <a href="https://www.fitchsolutions.com/bmi/politics" target="_self">GeoQuant</a>.</p><div class="button__wrapper"> <a class=" button button--6 " href="https://www.fitchsolutions.com/bmi" target="_self" data-url=""> > LEARN MORE </a></div></div></article></div></div><div class=" grid grid--se-5-9 grid--as-top ta--left grid--bd grid--bdrs " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" "><div class="grid__content"><div class="" style="padding: 15px 0 20px 0"> <a href="https://know.creditsights.com/" target="_blank" aria-label="Credit Sight a FitchSolutions Company"><svg version="1.1" class="logo logo--credit-sights-2024" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 234.6 45.37" xml:space="preserve" shape-rendering="geometricPrecision" style="width: auto; height: auto; max-height: 50px;"> <defs><style> .logo-color-1, .logo-color-2, .logo-color-5, .logo-color-3, .logo-color-4 { stroke-width: 0px; } .logo-color-1 { fill: #2d374e; } .logo-color-2 { fill: #174174; }.logo-color-3 { fill: #2a8abf; }.logo-color-4 { fill: #3cf; } .logo-color-5 { fill: #c9c8cd; }[data-theme=dark] .logo--credit-sights-2024 .logo-opacity-2 { fill-opacity: .85; } [data-theme=dark] .logo--credit-sights-2024 .logo-opacity-3 { fill-opacity: .70; } [data-theme=dark] .logo--credit-sights-2024 .logo-opacity-4 { fill-opacity: .50; } [data-theme=dark] .logo--credit-sights-2024 .logo-opacity-5 { fill-opacity: .35; } [data-theme=dark] .logo--credit-sights-2024 [class|="logo-color"] { fill: white; } </style></defs> <rect class="logo-color-3" x="56.66" width=".75" height="45.34"></rect> <g class="logo-color-2"> <path d="M71.83,39.62h.31v-.14c0-1.07-.58-1.43-1.37-1.43-.91,0-1.56.53-1.56.53l-.35-.57s.72-.63,1.96-.63c1.33,0,2.06.74,2.06,2.12v3.53h-.71v-.6c0-.27.02-.46.02-.46h-.02s-.46,1.2-1.84,1.2c-.92,0-1.88-.54-1.88-1.63,0-1.87,2.43-1.91,3.38-1.91ZM70.45,42.53c1.05,0,1.69-1.1,1.69-2.05v-.24h-.32c-.87,0-2.6.03-2.6,1.25,0,.52.41,1.04,1.23,1.04Z"></path> <path d="M77.78,35.32h4.06v.68h-3.3v2.9h2.83v.68h-2.83v3.46h-.76v-7.72Z"></path> <path d="M83.18,35.32h.78v.93h-.78v-.93ZM83.21,37.51h.75v5.52h-.75v-5.52Z"></path> <path d="M85.96,38.21h-.72v-.63h.74v-1.59h.74v1.59h1.38v.63h-1.38v2.74c0,1.3.82,1.46,1.24,1.46.15,0,.25-.02.25-.02v.67s-.12.02-.32.02c-.64,0-1.92-.21-1.92-2.05v-2.82Z"></path> <path d="M91.94,37.38c1.35,0,2.02.79,2.02.79l-.38.56s-.61-.67-1.61-.67c-1.21,0-2.15.9-2.15,2.22s.95,2.22,2.17,2.22c1.12,0,1.77-.78,1.77-.78l.34.58s-.75.87-2.15.87c-1.64,0-2.9-1.17-2.9-2.89s1.27-2.9,2.9-2.9Z"></path> <path d="M95.45,35.32h.75v2.99c0,.25-.02.45-.02.45h.02c.21-.53.94-1.37,2.19-1.37,1.36,0,1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.57-.07.22-.09.47-.09.74v2.65h-.75v-7.72Z"></path> <path d="M102.02,41.6s.8.84,2.02.84c.84,0,1.54-.51,1.54-1.34,0-1.94-3.85-1.45-3.85-3.84,0-1.11.98-2.07,2.4-2.07,1.34,0,2.06.75,2.06.75l-.37.64s-.68-.66-1.69-.66-1.62.65-1.62,1.33c0,1.83,3.85,1.31,3.85,3.84,0,1.15-.89,2.09-2.34,2.09-1.58,0-2.45-.99-2.45-.99l.45-.58Z"></path> <path d="M110.34,37.38c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM110.34,42.5c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M114.6,35.32h.75v6.25c0,.72.33.83.61.83.1,0,.19-.01.19-.01v.67s-.13.02-.27.02c-.46,0-1.27-.14-1.27-1.35v-6.41Z"></path> <path d="M117.29,37.51h.75v3.31c0,.87.13,1.63,1.2,1.63,1.26,0,2.04-1.11,2.04-2.3v-2.65h.75v5.52h-.72v-.82c0-.24.02-.44.02-.44h-.02c-.22.54-.94,1.39-2.16,1.39-1.3,0-1.84-.7-1.84-2.14v-3.51Z"></path> <path d="M124.03,38.21h-.72v-.63h.74v-1.59h.74v1.59h1.38v.63h-1.38v2.74c0,1.3.82,1.46,1.24,1.46.15,0,.25-.02.25-.02v.67s-.12.02-.32.02c-.64,0-1.92-.21-1.92-2.05v-2.82Z"></path> <path d="M127.47,35.32h.78v.93h-.78v-.93ZM127.5,37.51h.75v5.52h-.75v-5.52Z"></path> <path d="M132.56,37.38c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM132.56,42.5c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M136.87,37.51h.74v.82c0,.24-.02.44-.02.44h.02c.2-.51.9-1.39,2.21-1.39s1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.56-.07.23-.09.48-.09.75v2.65h-.75v-5.52Z"></path> <path d="M143.33,41.83s.61.67,1.65.67c.59,0,1.11-.3,1.11-.88,0-1.21-2.97-.91-2.97-2.71,0-.99.89-1.53,1.89-1.53,1.16,0,1.7.6,1.7.6l-.34.57s-.47-.51-1.38-.51c-.56,0-1.1.24-1.1.86,0,1.22,2.97.89,2.97,2.71,0,.9-.78,1.55-1.89,1.55-1.34,0-2.04-.8-2.04-.8l.41-.54Z"></path> <path d="M154.77,35.19c1.84,0,2.78,1,2.78,1l-.41.56s-.9-.86-2.35-.86c-1.81,0-3.11,1.4-3.11,3.23s1.3,3.35,3.13,3.35c1.56,0,2.5-1.03,2.5-1.03l.44.54s-1.05,1.2-2.95,1.2c-2.28,0-3.91-1.79-3.91-4.04s1.67-3.94,3.87-3.94Z"></path> <path d="M161.7,37.38c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM161.7,42.5c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M166.01,37.51h.74v.82c0,.24-.02.44-.02.44h.02c.26-.75,1.14-1.39,2-1.39,1.02,0,1.55.47,1.71,1.38h.02c.3-.75,1.1-1.38,2.03-1.38,1.34,0,1.83.78,1.83,2.14v3.51h-.75v-3.33c0-.9-.19-1.65-1.2-1.65-.84,0-1.54.75-1.74,1.56-.08.24-.1.51-.1.8v2.61h-.75v-3.33c0-.83-.12-1.65-1.16-1.65-.9,0-1.58.78-1.81,1.62-.05.23-.08.48-.08.74v2.61h-.75v-5.52Z"></path> <path d="M176.06,37.51h.71v.54c0,.24-.02.43-.02.43h.02s.45-1.1,1.91-1.1,2.4,1.19,2.4,2.9-1.04,2.89-2.47,2.89c-1.33,0-1.81-1.05-1.81-1.05h-.02s.02.2.02.48v2.63h-.75v-7.72ZM178.54,42.51c.98,0,1.78-.82,1.78-2.23s-.71-2.22-1.74-2.22c-.92,0-1.79.66-1.79,2.23,0,1.11.61,2.22,1.76,2.22Z"></path> <path d="M185.46,39.62h.31v-.14c0-1.07-.58-1.43-1.37-1.43-.91,0-1.56.53-1.56.53l-.35-.57s.72-.63,1.96-.63c1.33,0,2.06.74,2.06,2.12v3.53h-.71v-.6c0-.27.02-.46.02-.46h-.02s-.46,1.2-1.84,1.2c-.92,0-1.88-.54-1.88-1.63,0-1.87,2.43-1.91,3.38-1.91ZM184.07,42.53c1.05,0,1.69-1.1,1.69-2.05v-.24h-.32c-.87,0-2.6.03-2.6,1.25,0,.52.41,1.04,1.23,1.04Z"></path> <path d="M188.23,37.51h.74v.82c0,.24-.02.44-.02.44h.02c.2-.51.9-1.39,2.21-1.39s1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.56-.07.23-.09.48-.09.75v2.65h-.75v-5.52Z"></path> <path d="M194.21,44.42s.31.25.66.25c.48,0,.82-.39,1.04-.9l.34-.78-2.3-5.48h.82l1.63,4.03c.11.27.2.58.2.58h.02s.08-.31.19-.58l1.59-4.03h.81l-2.72,6.67c-.29.7-.86,1.15-1.59,1.15-.57,0-.97-.33-.97-.33l.29-.59Z"></path> </g> <g class="logo-color-2"> <path d="M79.51,2.05c5.3,0,8.02,2.9,8.02,2.9l-1.53,2.31s-2.56-2.4-6.36-2.4c-4.93,0-8.14,3.74-8.14,8.42s3.28,8.7,8.17,8.7c4.15,0,6.8-2.87,6.8-2.87l1.65,2.21s-3.03,3.49-8.55,3.49c-6.61,0-11.26-5.05-11.26-11.51s4.8-11.26,11.2-11.26Z"></path> <path d="M91.27,8.67h2.93v2.74c0,.66-.06,1.19-.06,1.19h.06c.72-2.31,2.56-4.12,4.99-4.12.41,0,.78.06.78.06v2.99s-.41-.09-.87-.09c-1.93,0-3.71,1.37-4.43,3.71-.28.91-.37,1.87-.37,2.84v6.46h-3.03v-15.78Z"></path> <path d="M109.21,8.29c4.46,0,6.83,3.31,6.83,7.39,0,.41-.09,1.31-.09,1.31h-11.51c.16,3.46,2.62,5.21,5.43,5.21s4.68-1.84,4.68-1.84l1.25,2.22s-2.34,2.25-6.11,2.25c-4.96,0-8.36-3.59-8.36-8.27,0-5.02,3.4-8.27,7.89-8.27ZM112.95,14.72c-.09-2.71-1.78-4.02-3.81-4.02-2.31,0-4.18,1.43-4.62,4.02h8.42Z"></path> <path d="M125.37,8.29c3.65,0,4.87,2.5,4.87,2.5h.06s-.06-.47-.06-1.06V2.43h3.03v22.02h-2.87v-1.5c0-.62.03-1.06.03-1.06h-.06s-1.28,2.93-5.18,2.93c-4.27,0-6.96-3.37-6.96-8.27s2.96-8.27,7.14-8.27ZM125.78,22.2c2.34,0,4.55-1.65,4.55-5.68,0-2.81-1.47-5.62-4.46-5.62-2.5,0-4.55,2.06-4.55,5.65s1.84,5.65,4.46,5.65Z"></path> <path d="M137.54,2.43h3.06v3.09h-3.06v-3.09ZM137.57,8.67h3.03v15.78h-3.03v-15.78Z"></path> <path d="M145.53,11.32h-2.06v-2.43h2.15v-4.55h2.93v4.55h3.81v2.43h-3.81v7.02c0,3.15,2.21,3.56,3.37,3.56.44,0,.72-.06.72-.06v2.68s-.44.06-1.06.06c-2.03,0-6.05-.62-6.05-5.9v-7.36Z"></path> </g> <g class="logo-color-3"> <path d="M156.33,20.32s2.29,2.41,5.76,2.41c2.41,0,4.39-1.44,4.39-3.82,0-5.55-11-4.14-11-10.97,0-3.16,2.79-5.92,6.86-5.92,3.82,0,5.89,2.13,5.89,2.13l-1.07,1.82s-1.94-1.88-4.82-1.88-4.64,1.85-4.64,3.79c0,5.23,11,3.73,11,10.97,0,3.29-2.54,5.95-6.67,5.95-4.51,0-6.99-2.82-6.99-2.82l1.28-1.66Z"></path> <path d="M172.22,2.4h2.22v2.66h-2.22v-2.66ZM172.28,8.66h2.13v15.76h-2.13v-15.76Z"></path> <path d="M184.38,29.09c3.07,0,5.51-1.44,5.51-4.95v-1.44c0-.6.06-1.13.06-1.13h-.06c-.94,1.75-2.54,2.76-4.98,2.76-4.23,0-7.02-3.35-7.02-8.08s2.6-7.96,6.83-7.96,5.2,2.63,5.2,2.63h.06s-.03-.19-.03-.53v-1.72h2.07v15.38c0,5.01-3.7,6.96-7.55,6.96-1.82,0-3.63-.47-5.17-1.25l.81-1.75s1.94,1.1,4.26,1.1ZM189.92,16.24c0-4.61-2.19-6.02-4.98-6.02-3.07,0-4.86,2.22-4.86,5.98s2.04,6.2,5.17,6.2c2.48,0,4.67-1.54,4.67-6.17Z"></path> <path d="M196.57,2.4h2.13v8.52c0,.72-.06,1.28-.06,1.28h.06c.59-1.5,2.69-3.92,6.27-3.92,3.88,0,5.26,2.23,5.26,6.11v10.03h-2.13v-9.46c0-2.47-.38-4.67-3.42-4.67-2.69,0-5.01,1.85-5.73,4.48-.19.63-.25,1.35-.25,2.1v7.55h-2.13V2.4Z"></path> <path d="M215.15,10.64h-2.07v-1.79h2.1v-4.54h2.1v4.54h3.95v1.79h-3.95v7.83c0,3.7,2.35,4.17,3.54,4.17.44,0,.72-.06.72-.06v1.91s-.34.06-.91.06c-1.82,0-5.48-.6-5.48-5.86v-8.05Z"></path> <path d="M224.33,20.97s1.76,1.91,4.7,1.91c1.69,0,3.16-.85,3.16-2.51,0-3.45-8.49-2.6-8.49-7.74,0-2.82,2.54-4.36,5.39-4.36,3.32,0,4.85,1.72,4.85,1.72l-.97,1.63s-1.35-1.44-3.95-1.44c-1.6,0-3.13.69-3.13,2.44,0,3.48,8.49,2.54,8.49,7.74,0,2.57-2.22,4.42-5.39,4.42-3.82,0-5.83-2.29-5.83-2.29l1.16-1.54Z"></path> </g> <g class="logo-color-5 logo-opacity-5"> <path d="M34.12,3.04l-1.83,3.17c3,1.73,5.35,4.16,6.96,6.96l3.17-1.83c-1.92-3.34-4.72-6.23-8.3-8.3Z"></path> <path d="M6.31,32.18l-3.17,1.83c1.92,3.34,4.72,6.23,8.3,8.3l1.83-3.17c-3-1.73-5.35-4.16-6.96-6.96Z"></path> <path d="M16.2,34.07l-1.83,3.17c2.66,1.53,5.55,2.25,8.41,2.25v-3.66c-2.24,0-4.51-.56-6.58-1.76Z"></path> <path d="M29.36,11.27l1.83-3.17c-2.66-1.53-5.55-2.25-8.41-2.25v3.66c2.24,0,4.51.56,6.58,1.76Z"></path> <path d="M22.78,29.98v3.66c1.92,0,3.82-.51,5.48-1.47l-1.83-3.16c-1.11.64-2.37.98-3.66.98Z"></path> <path d="M22.78,15.36v-3.66c-1.92,0-3.82.51-5.48,1.47l1.83,3.16c1.11-.64,2.37-.98,3.66-.98Z"></path> </g> <g class="logo-color-2 logo-opacity-2"> <path d="M32.29,39.14l1.83,3.17c3.34-1.92,6.24-4.72,8.3-8.3l-3.17-1.83c-1.73,3-4.16,5.34-6.96,6.96Z"></path> <path d="M13.27,6.2l-1.83-3.17c-3.34,1.92-6.24,4.72-8.3,8.3l3.17,1.83c1.73-3,4.16-5.34,6.96-6.96Z"></path> <path d="M34.18,29.25l3.17,1.83c1.53-2.65,2.26-5.55,2.25-8.41h-3.66c0,2.24-.56,4.5-1.76,6.58Z"></path> <path d="M11.38,16.09l-3.17-1.83c-1.53,2.65-2.26,5.55-2.25,8.41h3.66c0-2.24.56-4.5,1.76-6.58Z"></path> <path d="M30.09,22.67h3.66c0-1.92-.51-3.82-1.47-5.48l-3.17,1.83c.64,1.11.98,2.37.98,3.65Z"></path> <path d="M15.47,22.67h-3.66c0,1.92.51,3.82,1.47,5.48l3.17-1.83c-.64-1.11-.98-2.37-.98-3.65Z"></path> </g> <g class="logo-color-1"> <path d="M22.78,41.68v3.66c3.97,0,7.89-1.05,11.34-3.04l-1.83-3.17c-2.89,1.66-6.18,2.54-9.51,2.55Z"></path> <path d="M22.78,3.66V0c-3.97,0-7.89,1.05-11.34,3.04l1.83,3.17c2.89-1.66,6.18-2.54,9.51-2.55Z"></path> <path d="M29.36,34.06l1.83,3.17c2.48-1.43,4.63-3.5,6.16-6.16l-3.17-1.83c-1.2,2.08-2.89,3.69-4.83,4.81Z"></path> <path d="M16.2,11.28l-1.83-3.17c-2.48,1.43-4.63,3.5-6.16,6.16l3.17,1.83c1.2-2.08,2.89-3.69,4.83-4.81Z"></path> <path d="M29.12,26.33l3.17,1.83c1-1.73,1.47-3.62,1.47-5.49h-3.66c0,1.24-.31,2.5-.97,3.66Z"></path> <path d="M15.47,22.67c0-1.24.31-2.5.98-3.66l-3.17-1.83c-1,1.73-1.47,3.62-1.47,5.49h3.66Z"></path> </g> <g class="logo-color-3 logo-opacity-3"> <path d="M39.25,32.18l3.17,1.83c2.07-3.58,3.04-7.48,3.03-11.34h-3.66c0,3.23-.81,6.51-2.54,9.51Z"></path> <path d="M6.31,13.16l-3.17-1.83C1.07,14.91.1,18.82.1,22.67h3.66c0-3.23.81-6.51,2.54-9.51Z"></path> <path d="M35.94,22.67h3.66c0-2.95-.78-5.85-2.25-8.41l-3.18,1.83c1.15,2,1.76,4.27,1.77,6.58Z"></path> <path d="M9.62,22.67h-3.66c0,2.95.78,5.85,2.25,8.41l3.18-1.83c-1.15-2-1.76-4.27-1.77-6.58Z"></path> <path d="M29.11,19.02l3.17-1.83c-.93-1.62-2.28-3.02-4.01-4.02l-1.83,3.17c1.15.67,2.05,1.6,2.67,2.68Z"></path> <path d="M16.45,26.32l-3.17,1.83c.93,1.62,2.28,3.02,4.01,4.02l1.83-3.17c-1.15-.67-2.05-1.6-2.67-2.68Z"></path> </g> <g class="logo-color-4 logo-opacity-4"> <path d="M41.8,22.67h3.66c0-3.97-1.05-7.89-3.04-11.33l-3.17,1.83c1.66,2.89,2.54,6.17,2.55,9.51Z"></path> <path d="M3.76,22.67H.1c0,3.97,1.05,7.89,3.04,11.33l3.17-1.83c-1.66-2.89-2.54-6.17-2.55-9.51Z"></path> <path d="M34.18,16.09l3.18-1.83c-1.43-2.48-3.5-4.63-6.16-6.16l-1.83,3.17c2.08,1.2,3.69,2.88,4.81,4.82Z"></path> <path d="M11.38,29.25l-3.18,1.83c1.43,2.48,3.5,4.63,6.16,6.16l1.83-3.17c-2.08-1.2-3.69-2.88-4.81-4.82Z"></path> <path d="M19.12,29l-1.83,3.17c1.73,1,3.62,1.47,5.49,1.46v-3.66c-1.24,0-2.5-.31-3.66-.97Z"></path> <path d="M26.44,16.34l1.83-3.17c-1.73-1-3.62-1.47-5.49-1.46v3.66c1.24,0,2.5.31,3.66.97Z"></path> </g> </svg> </a></div><p>Distill market noise into actionable investment ideas for credit market participants, with CreditSights <a href="https://know.creditsights.com/research/" target="blank">independent research</a>, <a href="https://know.creditsights.com/covenant-review" target="blank">Covenant Review</a> expert analysis, and <a href="https://know.creditsights.com/lfi" target="blank">LevFin Insights</a> market news.</p><div class="button__wrapper"> <a class=" button button--6 " href="https://know.creditsights.com/" target="_blank" data-url=""> > VIEW CAPABILITIES </a></div></div></article></div></div><div class=" grid grid--se-9-13 grid--as-top ta--left grid--bd grid--bdrs " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" "><div class="grid__content"><div style="padding: 15px 0 20px 0"> <a href="https://www.dv01.co/" target="_blank" aria-label="dev01 a FitchSolutions Company"> <svg version="1.1" class="logo logo--dv01-2024" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 199.32 45.43" xml:space="preserve" shape-rendering="geometricPrecision" style="width: auto; height: auto; max-height: 50px"> <defs><style> .logo--dv01-2024 .logo--color-1 { fill: #231f20; } .logo--dv01-2024 .logo--color-2 { fill: #2c5b91; }.logo--dv01-2024 .logo--color-3 { fill: #2a8abf; }.logo--dv01-2024 .logo--color-4 { fill: #64adda; }.logo--dv01-2024 .logo--color-5 { fill: #c7f7fe; }[data-theme=dark] .logo--dv01-2024 [class|="logo--color"] { fill:#ffffff; }[data-theme=dark] .logo--dv01-2024 .logo--opacity-1 { fill-opacity: 0.7; }[data-theme=dark] .logo--dv01-2024 .logo--opacity-2 { fill-opacity: 0.9; } </style></defs> <rect class="logo--color-3" x="56.66" y=".05" width=".75" height="45.34"></rect> <g class="logo--color-1"> <path d="M71.83,39.67h.31v-.14c0-1.07-.58-1.43-1.37-1.43-.91,0-1.56.53-1.56.53l-.35-.57s.72-.63,1.96-.63c1.33,0,2.06.74,2.06,2.12v3.53h-.71v-.6c0-.27.02-.46.02-.46h-.02s-.46,1.2-1.84,1.2c-.92,0-1.88-.54-1.88-1.63,0-1.87,2.43-1.91,3.38-1.91ZM70.45,42.58c1.05,0,1.69-1.1,1.69-2.05v-.24h-.32c-.87,0-2.6.03-2.6,1.25,0,.52.41,1.04,1.23,1.04Z"></path> <path d="M77.78,35.37h4.06v.68h-3.3v2.9h2.83v.68h-2.83v3.46h-.76v-7.72Z"></path> <path d="M83.18,35.37h.78v.93h-.78v-.93ZM83.2,37.56h.75v5.52h-.75v-5.52Z"></path> <path d="M85.96,38.25h-.72v-.63h.74v-1.59h.74v1.59h1.38v.63h-1.38v2.74c0,1.3.82,1.46,1.24,1.46.15,0,.25-.02.25-.02v.67s-.12.02-.32.02c-.64,0-1.92-.21-1.92-2.05v-2.82Z"></path> <path d="M91.94,37.43c1.35,0,2.02.79,2.02.79l-.38.56s-.61-.67-1.61-.67c-1.21,0-2.15.9-2.15,2.22s.95,2.22,2.17,2.22c1.12,0,1.77-.78,1.77-.78l.34.58s-.75.87-2.15.87c-1.64,0-2.9-1.17-2.9-2.89s1.27-2.9,2.9-2.9Z"></path> <path d="M95.45,35.37h.75v2.99c0,.25-.02.45-.02.45h.02c.21-.53.94-1.37,2.19-1.37,1.36,0,1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.57-.07.22-.09.47-.09.74v2.65h-.75v-7.72Z"></path> <path d="M102.02,41.64s.8.84,2.02.84c.84,0,1.54-.51,1.54-1.34,0-1.94-3.85-1.45-3.85-3.84,0-1.11.98-2.07,2.4-2.07,1.34,0,2.06.75,2.06.75l-.37.64s-.68-.66-1.69-.66-1.62.65-1.62,1.33c0,1.83,3.85,1.31,3.85,3.84,0,1.15-.89,2.09-2.34,2.09-1.58,0-2.45-.99-2.45-.99l.45-.58Z"></path> <path d="M110.34,37.43c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM110.34,42.54c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M114.6,35.37h.75v6.25c0,.72.33.83.61.83.1,0,.19-.01.19-.01v.67s-.13.02-.27.02c-.46,0-1.27-.14-1.27-1.35v-6.41Z"></path> <path d="M117.29,37.56h.75v3.31c0,.87.13,1.63,1.2,1.63,1.26,0,2.04-1.11,2.04-2.3v-2.65h.75v5.52h-.72v-.82c0-.24.02-.44.02-.44h-.02c-.22.54-.94,1.39-2.16,1.39-1.3,0-1.84-.7-1.84-2.14v-3.51Z"></path> <path d="M124.03,38.25h-.72v-.63h.74v-1.59h.74v1.59h1.38v.63h-1.38v2.74c0,1.3.82,1.46,1.24,1.46.15,0,.25-.02.25-.02v.67s-.12.02-.32.02c-.64,0-1.92-.21-1.92-2.05v-2.82Z"></path> <path d="M127.47,35.37h.78v.93h-.78v-.93ZM127.49,37.56h.75v5.52h-.75v-5.52Z"></path> <path d="M132.55,37.43c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM132.55,42.54c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M136.87,37.56h.74v.82c0,.24-.02.44-.02.44h.02c.2-.51.9-1.39,2.21-1.39s1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.56-.07.23-.09.48-.09.75v2.65h-.75v-5.52Z"></path> <path d="M143.33,41.87s.61.67,1.65.67c.59,0,1.11-.3,1.11-.88,0-1.21-2.97-.91-2.97-2.71,0-.99.89-1.53,1.89-1.53,1.16,0,1.7.6,1.7.6l-.34.57s-.47-.51-1.38-.51c-.56,0-1.1.24-1.1.86,0,1.22,2.97.89,2.97,2.71,0,.9-.78,1.55-1.89,1.55-1.34,0-2.04-.8-2.04-.8l.41-.54Z"></path> <path d="M154.77,35.23c1.84,0,2.78,1,2.78,1l-.41.56s-.9-.86-2.35-.86c-1.81,0-3.11,1.4-3.11,3.23s1.3,3.35,3.13,3.35c1.56,0,2.5-1.03,2.5-1.03l.44.54s-1.05,1.2-2.95,1.2c-2.28,0-3.91-1.79-3.91-4.04s1.67-3.94,3.87-3.94Z"></path> <path d="M161.69,37.43c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM161.69,42.54c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M166.01,37.56h.74v.82c0,.24-.02.44-.02.44h.02c.26-.75,1.14-1.39,2-1.39,1.02,0,1.55.47,1.71,1.38h.02c.3-.75,1.1-1.38,2.03-1.38,1.34,0,1.83.78,1.83,2.14v3.51h-.75v-3.33c0-.9-.19-1.65-1.2-1.65-.84,0-1.54.75-1.74,1.56-.08.24-.1.51-.1.8v2.61h-.75v-3.33c0-.83-.12-1.65-1.16-1.65-.9,0-1.58.78-1.81,1.62-.05.23-.08.48-.08.74v2.61h-.75v-5.52Z"></path> <path d="M176.06,37.56h.71v.54c0,.24-.02.43-.02.43h.02s.45-1.1,1.91-1.1,2.4,1.19,2.4,2.9-1.04,2.89-2.47,2.89c-1.33,0-1.81-1.05-1.81-1.05h-.02s.02.2.02.48v2.63h-.75v-7.72ZM178.54,42.55c.98,0,1.78-.82,1.78-2.23s-.71-2.22-1.74-2.22c-.92,0-1.79.66-1.79,2.23,0,1.11.61,2.22,1.76,2.22Z"></path> <path d="M185.46,39.67h.31v-.14c0-1.07-.58-1.43-1.37-1.43-.91,0-1.56.53-1.56.53l-.35-.57s.72-.63,1.96-.63c1.33,0,2.06.74,2.06,2.12v3.53h-.71v-.6c0-.27.02-.46.02-.46h-.02s-.46,1.2-1.84,1.2c-.92,0-1.88-.54-1.88-1.63,0-1.87,2.43-1.91,3.38-1.91ZM184.07,42.58c1.05,0,1.69-1.1,1.69-2.05v-.24h-.32c-.87,0-2.6.03-2.6,1.25,0,.52.41,1.04,1.23,1.04Z"></path> <path d="M188.23,37.56h.74v.82c0,.24-.02.44-.02.44h.02c.2-.51.9-1.39,2.21-1.39s1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.56-.07.23-.09.48-.09.75v2.65h-.75v-5.52Z"></path> <path d="M194.21,44.46s.31.25.66.25c.48,0,.82-.39,1.04-.9l.34-.78-2.3-5.48h.82l1.63,4.03c.11.27.2.58.2.58h.02s.08-.31.19-.58l1.59-4.03h.81l-2.72,6.67c-.29.7-.86,1.15-1.59,1.15-.57,0-.97-.33-.97-.33l.29-.59Z"></path> </g> <g class="logo--color-1"> <path d="M80.9,24.62v-2.19c-1.24,1.59-3.12,2.59-5.19,2.59-4.15,0-7.2-3.12-7.2-8.39s3.01-8.42,7.2-8.42c2.01,0,3.89.93,5.19,2.62V2.5h3.52v22.12h-3.52ZM80.9,13.45c-.8-1.19-2.51-2.16-4.19-2.16-2.78,0-4.56,2.22-4.56,5.34s1.78,5.31,4.56,5.31c1.68,0,3.38-.93,4.19-2.12v-6.37Z"></path> <path d="M93.23,24.62l-6.6-16.02h3.75l4.72,12.01,4.72-12.01h3.79l-6.6,16.02h-3.79Z"></path> <path d="M113.46,2.17c5.96,0,8.24,6.14,8.24,11.41s-2.28,11.44-8.24,11.44-8.27-6.2-8.27-11.44,2.24-11.41,8.27-11.41ZM113.46,3.89c-4.72,0-6.26,5.11-6.26,9.68s1.54,9.72,6.26,9.72,6.2-5.17,6.2-9.72-1.51-9.68-6.2-9.68Z"></path> <path d="M128.2,24.62V5.09l-3.58,3.78-1.17-1.23,4.92-5.14h1.74v22.12h-1.91Z"></path> </g> <g class="logo--color-5"> <path d="M31.2,18.36l-8.56-12.93L0,40.05c19.05-2.25,28.67-13.92,31.19-21.69Z"></path> </g> <g class="logo--color-2 logo--opacity-1"> <path d="M45.56,40.06l-8.99-13.59C31.35,37.14,13.55,39.77,0,40.06h0s45.56,0,45.56,0Z"></path> </g> <g class="logo--color-4 logo--opacity-2"> <path d="M36.57,26.48l-5.37-8.12C28.67,26.13,19.06,37.8,0,40.05h0c13.54-.28,31.35-2.91,36.57-13.57Z"></path> </g></svg> </a></div><p>Get transparent, high-value structured finance intelligence. <a href="https://www.dv01.co/offerings/securitizations/" target="_blank">Loan Data Agent</a> reports on collateral composition and deal performance for securitizations, <a href="https://www.dv01.co/offerings/market-surveillance/" target="_blank">Market Surveillance</a> measures the pulse of consumer credit, and <a href="https://www.dv01.co/offerings/tape-cracker/" target="_blank">Tape Cracker</a> lets you analyze loan tapes in record time.</p><div class="button__wrapper"> <a class=" button button--6 " href="https://www.dv01.co/" target="_blank" data-url=""> > DISCOVER PLATFORM </a></div></div></article></div></div><div class=" grid grid--se-1-5 grid--row-span-2 grid--as-top ta--left grid--bd grid--bdrs " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" "><div class="grid__content"><div> <a href="https://www.fitchlearning.com" target="_blank" aria-label="Fitch Learning a FitchSolutions Company"> <svg aria-labelledby="title" xmlns="http://www.w3.org/2000/svg" id="FL" class="logo logo--fitch-learning" viewbox="0 0 378 92" style="width: auto; height: auto; max-height: 91px"><title>Fitch Learning, a Fitch Solutions company</title> <g class="logo--color-1"> <path d="m14.18,39.63c-.12-3.9-1.29-3.94-3.96-3.94h-1.32v9.76h2.7v.63H2.86v-.63h2.7v-19.94h-2.7v-.63h15.29l.36,6.01h-.51c-.3-1.8-.78-3.45-2.04-4.51-1.05-.9-2.01-.87-4.21-.87h-2.85v9.52h1.26c2.4-.03,3.27-.06,3.7-1.35.21-.6.3-2.04.3-2.7h.57v8.65h-.54Z"></path> <path d="m19.41,33.71h4.87v11.74h1.95v.63h-6.85v-.63h2.07v-11.11h-2.04v-.63Zm3.34-8.35c.99,0,1.77.78,1.77,1.77s-.78,1.77-1.77,1.77-1.77-.78-1.77-1.77.78-1.77,1.77-1.77Z"></path> <path d="m34.63,34.34h-3.21v8.95c0,.93-.03,2.19,1.47,2.19s1.71-1.23,1.8-1.71h.66c-.15.72-.57,2.67-3.36,2.67-1.47,0-2.67-.57-3.12-1.77-.24-.57-.24-1.23-.24-2.76v-7.57h-1.95v-.42c1.11-.48,2.01-1.32,2.76-2.25,1.17-1.41,1.38-2.31,1.53-2.94h.45v4.99h3.21v.63Z"></path> <path d="m47.43,42.06c-.42,2.13-2.01,4.39-5.26,4.39-3.52,0-6.19-2.88-6.19-6.43,0-3.87,3-6.67,6.55-6.67,2.79,0,4.51,1.74,4.51,3.24,0,.96-.66,1.68-1.53,1.68s-1.41-.78-1.41-1.59c0-.69.36-1.17.6-1.41.09-.12.15-.18.15-.3,0-.27-.75-1.02-2.37-1.02-.84,0-2.1.21-2.7,1.68-.48,1.17-.51,3.93-.51,5.29,0,1.02,0,2.16.3,3,.33.99,1.14,1.86,2.7,1.86,2.52,0,4-1.92,4.42-3.72h.75Z"></path> <path d="m47.99,24.88h4.78v10.6c.51-.66,1.89-2.13,4.56-2.13,1.68,0,2.79.57,3.36,1.2.69.78.72,2.01.72,2.82v8.08h1.98v.63h-6.85v-.63h1.92v-8.26c0-1.26.03-2.94-2.01-2.94-.3,0-1.62,0-2.64,1.29-.93,1.2-.99,2.4-1.05,4.84v5.08h1.92v.63h-6.85v-.63h2.01v-19.94h-1.86v-.63Z"></path> </g> <g class="logo--color-2"> <path d="m81.39,39.54l-.57,6.55h-15.89v-.63h2.7v-19.94h-2.7v-.63h8.74v.63h-2.55v19.94h3.45c2.31,0,3.54-.03,4.66-1.47.6-.78.99-1.86,1.23-2.73l.42-1.71h.51Z"></path> <path d="m94.66,41.97c-.3,2.16-2.19,4.48-5.14,4.48s-6.16-2.61-6.16-6.46c0-3.45,2.67-6.64,6.04-6.64,2.34,0,5.26,1.53,5.53,5.56h-8.26v1.29c0,1.8,0,2.37.09,3,.09.45.42,2.58,2.88,2.58s3.97-1.95,4.3-3.81h.72Zm-3.06-4.87c-.03-1.14-.06-3.09-2.34-3.09-.33,0-1.08.03-1.71.57-.84.69-.87,1.68-.87,2.58l-.03,1.11h4.96v-1.17Z"></path> <path d="m106.56,43.84c0,1.02,0,1.74.69,1.74.39,0,.72-.36.93-.54l.36.42c-.3.3-.99.99-2.25.99-.66,0-1.29-.21-1.74-.57-.69-.57-.78-1.32-.84-1.92-.66,1.32-1.98,2.49-4.02,2.49-1.89,0-3.39-1.08-3.39-2.94s1.38-3.12,3.39-3.75c1.32-.39,2.97-.51,4.08-.51v-3c-.06-.87-.12-2.28-2.1-2.28-1.35,0-2.46.81-2.46,1.26,0,.36.63.75.63,1.44s-.57,1.29-1.38,1.29-1.32-.66-1.32-1.41c0-1.47,1.95-3.18,4.99-3.18,1.44,0,2.85.48,3.6,1.2.84.87.84,1.86.84,3v6.28Zm-2.79-4.06c-2.34.03-4.66.72-4.66,3.18,0,1.47.93,2.1,1.89,2.1.84,0,1.41-.45,1.68-.69.96-.93,1.02-1.98,1.08-3.51v-1.08Z"></path> <path d="m109.53,33.71h4.93v2.91c.15-.42.33-.9.75-1.53.69-.99,1.62-1.65,2.79-1.65,1.11,0,1.95.72,1.95,1.77,0,.87-.63,1.56-1.56,1.56-.81,0-1.32-.51-1.41-1.32-.06-.63-.06-.78-.36-.78-.06,0-.63.03-1.26,1.53-.84,2.01-.87,3.64-.9,5.59v3.66h1.95v.63h-6.85v-.63h2.04v-11.11h-2.07v-.63Z"></path> <path d="m127.73,46.09h-6.82v-.63h1.95v-11.11h-1.95v-.63h4.81v1.8c1.5-2.1,3.54-2.16,4.06-2.16,1.2,0,2.37.48,3.09,1.23.42.45.99,1.11.99,3.21v7.66h1.98v.63h-6.73v-.63h1.89v-8.08c-.03-1.23-.06-1.47-.12-1.77-.3-1.23-1.32-1.38-1.77-1.38-.66,0-1.35.27-1.92.72-1.41,1.17-1.44,2.97-1.47,5.26v5.26h2.01v.63Z"></path> <path d="m137.06,33.71h4.87v11.74h1.95v.63h-6.85v-.63h2.07v-11.11h-2.04v-.63Zm3.33-8.35c.99,0,1.77.78,1.77,1.77s-.78,1.77-1.77,1.77-1.77-.78-1.77-1.77.78-1.77,1.77-1.77Z"></path> <path d="m152.14,46.09h-6.82v-.63h1.95v-11.11h-1.95v-.63h4.81v1.8c1.5-2.1,3.55-2.16,4.06-2.16,1.2,0,2.37.48,3.09,1.23.42.45.99,1.11.99,3.21v7.66h1.98v.63h-6.73v-.63h1.89v-8.08c-.03-1.23-.06-1.47-.12-1.77-.3-1.23-1.32-1.38-1.77-1.38-.66,0-1.35.27-1.92.72-1.41,1.17-1.44,2.97-1.47,5.26v5.26h2.01v.63Z"></path> <path d="m169.89,45.49c1.59-.03,4.06-.03,4.06,3.33s-2.64,6.01-6.64,6.01c-3.24,0-5.77-1.74-5.77-3.84,0-1.23.93-2.4,2.46-2.85-1.44-.48-2.37-1.35-2.37-2.79,0-.78.33-1.83,1.41-2.85.48-.42.87-.69,1.41-1.02-1.32-.9-1.98-2.07-1.98-3.66,0-2.85,2.46-4.42,5.11-4.42,1.59,0,2.61.48,3.54,1.32.63-.63,1.38-1.17,2.25-1.17s1.53.57,1.53,1.32c0,.57-.42,1.17-1.17,1.17s-.96-.54-1.05-.84l-.06-.27c-.03-.12-.09-.33-.36-.33s-.51.3-.72.51c.66.84,1.02,1.77,1.02,2.85,0,2.7-2.37,4.36-5.11,4.36-.84,0-1.71-.15-2.43-.54-1.2.93-2.1,1.65-2.1,2.58,0,1.23,1.35,1.2,2.49,1.17l4.48-.03Zm-2.01,2.82c-1.11,0-2.46,0-3.33-.06-.48.51-1.05,1.2-1.05,2.43,0,1.44,1.02,3.33,3.81,3.33,4.36,0,5.65-2.97,5.65-4.45,0-1.38-.84-1.38-2.55-1.35l-2.52.09Zm1.53-13.28c-.24-.66-.78-1.08-1.86-1.08-1.92,0-1.98,1.38-2.04,2.49-.03.99-.03,1.17-.03,2.82,0,.9.03,2.43,1.98,2.43.66,0,1.23-.21,1.53-.57.45-.45.51-.84.54-3.57,0-.9.03-2.01-.12-2.52Z"></path> <path d="m7.83,64.94h.36v-.17c0-1.25-.68-1.67-1.61-1.67-1.07,0-1.83.62-1.83.62l-.41-.67s.85-.73,2.31-.73c1.56,0,2.42.86,2.42,2.49v4.15h-.84v-.71c0-.32.03-.54.03-.54h-.03s-.54,1.4-2.16,1.4c-1.08,0-2.2-.63-2.2-1.92,0-2.19,2.85-2.24,3.97-2.24Zm-1.62,3.41c1.24,0,1.98-1.29,1.98-2.41v-.28h-.37c-1.02,0-3.05.04-3.05,1.47,0,.61.48,1.22,1.44,1.22Z"></path> <path d="m14.81,59.89h4.77v.8h-3.88v3.4h3.32v.8h-3.32v4.06h-.89v-9.06Z"></path> <path d="m21.15,59.89h.91v1.09h-.91v-1.09Zm.03,2.58h.88v6.48h-.88v-6.48Z"></path> <path d="m24.4,63.28h-.85v-.73h.86v-1.87h.86v1.87h1.62v.73h-1.62v3.22c0,1.52.97,1.71,1.46,1.71.18,0,.3-.03.3-.03v.79s-.14.03-.37.03c-.75,0-2.25-.24-2.25-2.41v-3.31Z"></path> <path d="m31.43,62.31c1.58,0,2.37.93,2.37.93l-.45.66s-.72-.79-1.89-.79c-1.42,0-2.52,1.06-2.52,2.6s1.12,2.6,2.55,2.6c1.31,0,2.07-.91,2.07-.91l.4.68s-.88,1.02-2.52,1.02c-1.92,0-3.4-1.38-3.4-3.39s1.49-3.4,3.4-3.4Z"></path> <path d="m35.55,59.89h.88v3.5c0,.3-.03.53-.03.53h.03c.24-.62,1.11-1.61,2.58-1.61,1.6,0,2.16.91,2.16,2.51v4.12h-.88v-3.89c0-1.02-.15-1.92-1.4-1.92-1.11,0-2.06.76-2.36,1.84-.08.26-.1.55-.1.86v3.1h-.88v-9.06Z"></path> <path d="m43.25,67.26s.94.99,2.37.99c.99,0,1.8-.59,1.8-1.57,0-2.28-4.52-1.7-4.52-4.51,0-1.3,1.15-2.43,2.82-2.43,1.57,0,2.42.88,2.42.88l-.44.75s-.8-.77-1.98-.77-1.91.76-1.91,1.56c0,2.15,4.52,1.53,4.52,4.51,0,1.35-1.04,2.45-2.74,2.45-1.86,0-2.87-1.16-2.87-1.16l.53-.68Z"></path> <path d="m53.02,62.31c1.89,0,3.43,1.44,3.43,3.36s-1.53,3.43-3.43,3.43-3.43-1.47-3.43-3.43,1.53-3.36,3.43-3.36Zm0,6c1.39,0,2.52-1.13,2.52-2.64s-1.13-2.56-2.52-2.56-2.52,1.09-2.52,2.56,1.13,2.64,2.52,2.64Z"></path> <path d="m58.01,59.89h.88v7.33c0,.85.39.98.72.98.12,0,.22-.01.22-.01v.79s-.16.03-.32.03c-.54,0-1.49-.17-1.49-1.58v-7.52Z"></path> <path d="m61.17,62.47h.88v3.89c0,1.02.16,1.92,1.4,1.92,1.48,0,2.4-1.3,2.4-2.7v-3.1h.88v6.48h-.85v-.97c0-.28.03-.52.03-.52h-.03c-.26.63-1.11,1.64-2.54,1.64-1.52,0-2.16-.82-2.16-2.51v-4.12Z"></path> <path d="m69.08,63.28h-.85v-.73h.86v-1.87h.86v1.87h1.62v.73h-1.62v3.22c0,1.52.97,1.71,1.46,1.71.18,0,.3-.03.3-.03v.79s-.14.03-.37.03c-.75,0-2.25-.24-2.25-2.41v-3.31Z"></path> <path d="m73.12,59.89h.91v1.09h-.91v-1.09Zm.03,2.58h.88v6.48h-.88v-6.48Z"></path> <path d="m79.09,62.31c1.89,0,3.43,1.44,3.43,3.36s-1.53,3.43-3.43,3.43-3.43-1.47-3.43-3.43,1.53-3.36,3.43-3.36Zm0,6c1.39,0,2.52-1.13,2.52-2.64s-1.13-2.56-2.52-2.56-2.52,1.09-2.52,2.56,1.13,2.64,2.52,2.64Z"></path> <path d="m84.15,62.47h.86v.97c0,.28-.03.52-.03.52h.03c.23-.59,1.06-1.64,2.59-1.64s2.16.91,2.16,2.51v4.12h-.88v-3.89c0-1.02-.15-1.92-1.4-1.92-1.11,0-2.06.76-2.36,1.83-.08.27-.1.57-.1.88v3.1h-.88v-6.48Z"></path> <path d="m91.74,67.53s.72.79,1.93.79c.69,0,1.3-.35,1.3-1.03,0-1.42-3.49-1.07-3.49-3.18,0-1.16,1.04-1.79,2.22-1.79,1.36,0,2,.71,2,.71l-.4.67s-.55-.59-1.62-.59c-.66,0-1.29.28-1.29,1,0,1.43,3.49,1.04,3.49,3.18,0,1.06-.91,1.82-2.21,1.82-1.57,0-2.4-.94-2.4-.94l.48-.63Z"></path> <path d="m105.16,59.74c2.16,0,3.26,1.17,3.26,1.17l-.48.66s-1.06-1-2.76-1c-2.12,0-3.64,1.65-3.64,3.79s1.52,3.93,3.67,3.93c1.83,0,2.94-1.21,2.94-1.21l.52.63s-1.24,1.4-3.47,1.4c-2.68,0-4.58-2.1-4.58-4.74s1.96-4.62,4.55-4.62Z"></path> <path d="m113.29,62.31c1.89,0,3.43,1.44,3.43,3.36s-1.53,3.43-3.43,3.43-3.43-1.47-3.43-3.43,1.53-3.36,3.43-3.36Zm0,6c1.39,0,2.52-1.13,2.52-2.64s-1.13-2.56-2.52-2.56-2.52,1.09-2.52,2.56,1.13,2.64,2.52,2.64Z"></path> <path d="m118.35,62.47h.86v.97c0,.28-.03.52-.03.52h.03c.31-.88,1.34-1.64,2.34-1.64,1.2,0,1.82.55,2.01,1.62h.03c.35-.88,1.29-1.62,2.38-1.62,1.57,0,2.15.91,2.15,2.51v4.12h-.88v-3.9c0-1.06-.22-1.93-1.4-1.93-.99,0-1.8.88-2.05,1.83-.09.28-.12.59-.12.94v3.07h-.88v-3.9c0-.98-.14-1.93-1.37-1.93-1.06,0-1.85.91-2.13,1.91-.06.27-.09.57-.09.86v3.07h-.88v-6.48Z"></path> <path d="m130.15,62.47h.84v.63c0,.28-.03.5-.03.5h.03s.53-1.29,2.24-1.29,2.82,1.39,2.82,3.4-1.22,3.39-2.9,3.39c-1.56,0-2.13-1.24-2.13-1.24h-.03s.03.23.03.57v3.09h-.88v-9.06Zm2.91,5.86c1.15,0,2.09-.97,2.09-2.61s-.84-2.6-2.05-2.6c-1.08,0-2.1.77-2.1,2.61,0,1.3.72,2.6,2.06,2.6Z"></path> <path d="m141.17,64.94h.36v-.17c0-1.25-.68-1.67-1.61-1.67-1.07,0-1.83.62-1.83.62l-.41-.67s.85-.73,2.31-.73c1.56,0,2.42.86,2.42,2.49v4.15h-.84v-.71c0-.32.03-.54.03-.54h-.03s-.54,1.4-2.16,1.4c-1.08,0-2.2-.63-2.2-1.92,0-2.19,2.85-2.24,3.97-2.24Zm-1.62,3.41c1.24,0,1.98-1.29,1.98-2.41v-.28h-.37c-1.02,0-3.05.04-3.05,1.47,0,.61.48,1.22,1.44,1.22Z"></path> <path d="m144.43,62.47h.86v.97c0,.28-.03.52-.03.52h.03c.23-.59,1.06-1.64,2.59-1.64s2.16.91,2.16,2.51v4.12h-.88v-3.89c0-1.02-.15-1.92-1.4-1.92-1.11,0-2.06.76-2.36,1.83-.08.27-.1.57-.1.88v3.1h-.88v-6.48Z"></path> <path d="m151.44,70.57s.36.3.77.3c.57,0,.97-.46,1.22-1.06l.4-.91-2.7-6.43h.97l1.91,4.73c.13.32.23.68.23.68h.03s.09-.36.22-.68l1.87-4.73h.95l-3.19,7.83c-.34.82-1,1.35-1.87,1.35-.67,0-1.13-.39-1.13-.39l.34-.7Z"></path> </g> </svg> </a></div><p>Develop future finance leaders and boost business performance via <a href="https://www.fitchlearning.com/tailored-learning" target="_blank">corporate solutions</a>, <a href="https://www.fitchlearning.com/public-courses/what-we-train" target="_blank">public courses</a>, and <a href="https://www.fitchlearning.com/?menuItem=3" target="_blank">professional qualifications</a>, from Fitch Learning and the <a href="https://www.cqfinstitute.org/" target="_blank">CQF Institute</a>. A best-in-class technology platform meets blended learning to keep development personal.</p><div class="button__wrapper"> <a class=" button button--6 " href="https://www.fitchlearning.com" target="_blank" data-url=""> > BROWSE COURSES </a></div></div></article></div></div><div class=" grid grid--se-5-9 grid--row-span-2 grid--as-top ta--left grid--bd grid--bdrs " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" "><div class="grid__content"><div class=""> <a href="https://www.fitchsolutions.com/credit" aria-label="Credit Distributed by FitchSolutions"> <svg aria-labelledby="title" xmlns="http://www.w3.org/2000/svg" id="FRRD" class="logo logo--fitch-ratings-research-and-data" viewbox="0 0 378 92" style="width: auto; height: auto; max-height: 90px;"><title>Fitch Ratings Research & Data</title> <defs><style> .frrd-cls-3 { font-family: 'Lato', sans-serif; font-size: 12.89px; } </style></defs> <g class="logo--color-3"> <text class="frrd-cls-3" transform="translate(2.52 68.95)"><tspan x="0" y="0">Distributed by FitchSolutions</tspan></text> </g> <g class="logo--color-1"> <path d="m14.19,39.64c-.12-3.91-1.29-3.94-3.97-3.94h-1.32v9.77h2.71v.63H2.86v-.63h2.71v-19.96h-2.71v-.63h15.3l.36,6.01h-.51c-.3-1.8-.78-3.46-2.04-4.51-1.05-.9-2.01-.87-4.21-.87h-2.86v9.53h1.26c2.4-.03,3.28-.06,3.7-1.35.21-.6.3-2.04.3-2.71h.57v8.66h-.54Z"></path> <path d="m19.07,33.72h4.87v11.75h1.95v.63h-6.85v-.63h2.07v-11.12h-2.04v-.63Zm3.34-8.36c.99,0,1.77.78,1.77,1.77s-.78,1.77-1.77,1.77-1.77-.78-1.77-1.77.78-1.77,1.77-1.77Z"></path> <path d="m34.32,34.35h-3.22v8.96c0,.93-.03,2.19,1.47,2.19s1.71-1.23,1.8-1.71h.66c-.15.72-.57,2.68-3.37,2.68-1.47,0-2.68-.57-3.13-1.77-.24-.57-.24-1.23-.24-2.77v-7.58h-1.95v-.42c1.11-.48,2.01-1.32,2.77-2.25,1.17-1.41,1.38-2.31,1.53-2.95h.45v4.99h3.22v.63Z"></path> <path d="m47.03,42.08c-.42,2.13-2.01,4.39-5.26,4.39-3.52,0-6.19-2.89-6.19-6.43,0-3.88,3.01-6.67,6.55-6.67,2.8,0,4.51,1.74,4.51,3.25,0,.96-.66,1.68-1.53,1.68s-1.41-.78-1.41-1.59c0-.69.36-1.17.6-1.41.09-.12.15-.18.15-.3,0-.27-.75-1.02-2.37-1.02-.84,0-2.1.21-2.71,1.68-.48,1.17-.51,3.94-.51,5.29,0,1.02,0,2.16.3,3.01.33.99,1.14,1.86,2.7,1.86,2.52,0,4-1.92,4.42-3.73h.75Z"></path> <path d="m47.63,24.88h4.78v10.61c.51-.66,1.89-2.13,4.57-2.13,1.68,0,2.8.57,3.37,1.2.69.78.72,2.01.72,2.83v8.09h1.98v.63h-6.85v-.63h1.92v-8.27c0-1.26.03-2.95-2.01-2.95-.3,0-1.62,0-2.64,1.29-.93,1.2-.99,2.4-1.05,4.84v5.08h1.92v.63h-6.85v-.63h2.01v-19.96h-1.86v-.63Z"></path> </g> <g class="logo--color-2"> <path d="m83.26,45.71c-.84.45-1.71.54-2.25.54-.93,0-2.01-.27-2.89-1.05-1.44-1.26-1.5-3.07-1.53-4.72l-.06-1.32c-.06-1.2-.18-2.92-1.95-3.64-.87-.36-1.83-.39-3.88-.33v10.28h2.68v.63h-8.75v-.63h2.71v-19.96h-2.8v-.63h8.33c2.37,0,4.6.03,6.34,1.29,1.35.99,1.83,2.34,1.83,3.61,0,3.04-2.8,4.9-6.49,5.14,2.19.3,3.43,1.23,3.91,1.65,1.95,1.71,1.92,3.88,1.89,5.29v.84c-.03.78,0,1.23.09,1.62.15.57.57,1.17,1.35,1.17.27,0,.63-.09,1.26-.33l.21.54Zm-12.59-20.17v8.93h1.08c1.29,0,3.1,0,4.18-.78,1.11-.78,1.44-2.22,1.44-3.61,0-.9-.21-2.25-.78-3.07-1.08-1.5-3.07-1.47-4.9-1.47h-1.02Z"></path> <path d="m94.35,43.85c0,1.02,0,1.74.69,1.74.39,0,.72-.36.93-.54l.36.42c-.3.3-.99.99-2.25.99-.66,0-1.29-.21-1.74-.57-.69-.57-.78-1.32-.84-1.92-.66,1.32-1.98,2.5-4.03,2.5-1.89,0-3.4-1.08-3.4-2.95s1.38-3.13,3.4-3.76c1.32-.39,2.98-.51,4.09-.51v-3.01c-.06-.87-.12-2.28-2.1-2.28-1.35,0-2.46.81-2.46,1.26,0,.36.63.75.63,1.44s-.57,1.29-1.38,1.29-1.32-.66-1.32-1.41c0-1.47,1.95-3.19,4.99-3.19,1.44,0,2.86.48,3.61,1.2.84.87.84,1.86.84,3.01v6.28Zm-2.79-4.06c-2.35.03-4.66.72-4.66,3.19,0,1.47.93,2.1,1.89,2.1.84,0,1.41-.45,1.68-.69.96-.93,1.02-1.98,1.08-3.52v-1.08Z"></path> <path d="m104.07,34.35h-3.22v8.96c0,.93-.03,2.19,1.47,2.19s1.71-1.23,1.8-1.71h.66c-.15.72-.57,2.68-3.37,2.68-1.47,0-2.67-.57-3.13-1.77-.24-.57-.24-1.23-.24-2.77v-7.58h-1.95v-.42c1.11-.48,2.01-1.32,2.76-2.25,1.17-1.41,1.38-2.31,1.53-2.95h.45v4.99h3.22v.63Z"></path> <path d="m105.85,33.72h4.87v11.75h1.95v.63h-6.85v-.63h2.07v-11.12h-2.04v-.63Zm3.34-8.36c.99,0,1.77.78,1.77,1.77s-.78,1.77-1.77,1.77-1.77-.78-1.77-1.77.78-1.77,1.77-1.77Z"></path> <path d="m120.82,46.1h-6.82v-.63h1.95v-11.12h-1.95v-.63h4.81v1.8c1.5-2.1,3.55-2.16,4.06-2.16,1.2,0,2.38.48,3.1,1.23.42.45.99,1.11.99,3.22v7.66h1.98v.63h-6.73v-.63h1.89v-8.09c-.03-1.23-.06-1.47-.12-1.77-.3-1.23-1.32-1.38-1.77-1.38-.66,0-1.35.27-1.92.72-1.41,1.17-1.44,2.98-1.47,5.26v5.26h2.01v.63Z"></path> <path d="m138.46,45.5c1.59-.03,4.06-.03,4.06,3.34s-2.65,6.01-6.64,6.01c-3.25,0-5.77-1.74-5.77-3.85,0-1.23.93-2.41,2.46-2.86-1.44-.48-2.37-1.35-2.37-2.8,0-.78.33-1.83,1.41-2.86.48-.42.87-.69,1.41-1.02-1.32-.9-1.98-2.07-1.98-3.67,0-2.86,2.46-4.42,5.11-4.42,1.59,0,2.61.48,3.55,1.32.63-.63,1.38-1.17,2.25-1.17s1.53.57,1.53,1.32c0,.57-.42,1.17-1.17,1.17s-.96-.54-1.05-.84l-.06-.27c-.03-.12-.09-.33-.36-.33s-.51.3-.72.51c.66.84,1.02,1.77,1.02,2.86,0,2.71-2.37,4.36-5.11,4.36-.84,0-1.71-.15-2.43-.54-1.2.93-2.1,1.65-2.1,2.59,0,1.23,1.35,1.2,2.49,1.17l4.48-.03Zm-2.01,2.83c-1.11,0-2.46,0-3.34-.06-.48.51-1.05,1.2-1.05,2.43,0,1.44,1.02,3.34,3.82,3.34,4.36,0,5.65-2.98,5.65-4.45,0-1.38-.84-1.38-2.56-1.35l-2.52.09Zm1.53-13.29c-.24-.66-.78-1.08-1.86-1.08-1.92,0-1.98,1.38-2.04,2.5-.03.99-.03,1.17-.03,2.83,0,.9.03,2.43,1.98,2.43.66,0,1.23-.21,1.53-.57.45-.45.51-.84.54-3.58,0-.9.03-2.01-.12-2.52Z"></path> <path d="m144.79,46.1h-.42v-4.72h.54l.45,1.44c.6,1.71,1.86,2.86,3.67,2.86s2.86-1.23,2.86-2.37c0-1.47-1.44-1.77-2.5-1.98l-.93-.15c-.87-.15-1.65-.3-2.25-.66-.96-.54-1.71-1.71-1.71-3.22,0-2.13,1.53-3.94,3.79-3.94,1.26,0,2.37.57,3.07,1.17l.54-.99h.51v3.73h-.57c-.27-1.74-1.62-3.16-3.58-3.16-1.68,0-2.68,1.26-2.68,2.16,0,1.41,1.83,1.5,2.56,1.71l1.08.21c1.14.24,3.85.72,3.85,4.03,0,2.22-1.59,4.24-4.09,4.24-1.56,0-2.64-.72-3.43-1.35l-.75.99Z"></path> </g> <g class="logo--color-3"> <path d="m171.09,21.06h1.37v29.95h-1.37v-29.95Z"></path> <path d="m188.22,45.44v-19.96h-2.75v-.64h7.38c2.24,0,3.74.07,4.49.22,1.68.33,2.91,1.01,3.7,2.02.57.74.86,1.61.86,2.63,0,1.91-.97,3.34-2.93,4.28-1.06.52-2.25.82-3.58.9,1.16.14,2.21.51,3.16,1.11,1.78,1.11,2.67,2.93,2.67,5.48v.62c0,.46-.01.71-.01.76,0,.9.09,1.53.26,1.88.1.2.27.36.51.5s.47.21.7.21c.24,0,.64-.11,1.21-.33l.23.62c-.81.34-1.57.51-2.27.51-.91,0-1.76-.27-2.55-.81-.84-.58-1.39-1.49-1.66-2.72-.11-.49-.19-1.42-.23-2.8-.02-.94-.08-1.65-.17-2.12-.25-1.15-.86-1.92-1.82-2.32-.6-.25-1.52-.37-2.75-.37-.2,0-.55,0-1.06.02v10.3h2.57v.64h-8.71v-.64h2.75Zm3.39-11h1.04c1.38,0,2.38-.09,3-.26,1.74-.48,2.61-1.88,2.61-4.2,0-1.68-.48-2.88-1.43-3.61-.55-.41-1.18-.65-1.88-.73-.58-.06-1.3-.09-2.16-.09h-1.18v8.9Z"></path> <path d="m216.49,38.79h-8.26c-.01.47-.02.76-.02.87,0,1.52.02,2.53.06,3.02.15,1.97,1.14,2.96,2.97,2.96,1.25,0,2.32-.51,3.19-1.54.47-.55.82-1.29,1.06-2.22h.75c-.22,1.19-.76,2.21-1.62,3.06-.97.97-2.16,1.45-3.56,1.45s-2.74-.54-3.94-1.63c-1.47-1.35-2.21-2.99-2.21-4.93,0-.96.2-1.89.61-2.78.41-.89.97-1.67,1.71-2.32,1.11-1,2.36-1.49,3.75-1.49,1.24,0,2.33.36,3.3,1.09.99.76,1.65,1.71,1.98,2.86.11.41.19.95.23,1.62Zm-3.31-.64c-.02-1.56-.11-2.55-.27-2.97-.31-.84-.99-1.26-2.04-1.26-1.11,0-1.88.39-2.3,1.18-.21.4-.32,1.02-.34,1.85v1.2h4.95Z"></path> <path d="m226.51,33.38l.08,3.75h-.69c-.13-.84-.45-1.53-.96-2.07-.68-.71-1.5-1.06-2.47-1.06-.75,0-1.39.21-1.93.62-.54.43-.81.96-.81,1.6,0,.51.25.89.76,1.15.41.22,1.21.43,2.39.64,1.15.2,1.97.42,2.44.67,1.29.69,1.93,1.84,1.93,3.45,0,1.16-.38,2.15-1.15,2.96-.79.84-1.78,1.26-2.97,1.26-1.12,0-2.23-.43-3.34-1.31l-.75,1.03h-.39l-.11-4.74.59-.03c.3,1.18.67,2.1,1.11,2.74.68,1,1.65,1.49,2.93,1.49.96,0,1.73-.28,2.3-.84.41-.41.62-.89.62-1.46,0-.54-.2-.97-.61-1.31-.37-.31-1.19-.56-2.44-.76-1.12-.19-1.9-.38-2.35-.58-1.35-.61-2.02-1.76-2.02-3.45,0-1.1.36-2.02,1.07-2.77.7-.73,1.58-1.09,2.66-1.09.76,0,1.48.19,2.18.56.22.11.52.3.9.56l.5-1.01h.53Z"></path> <path d="m240.82,38.79h-8.26c-.01.47-.02.76-.02.87,0,1.52.02,2.53.06,3.02.15,1.97,1.14,2.96,2.97,2.96,1.25,0,2.32-.51,3.19-1.54.47-.55.82-1.29,1.06-2.22h.75c-.22,1.19-.76,2.21-1.62,3.06-.97.97-2.16,1.45-3.56,1.45s-2.74-.54-3.94-1.63c-1.47-1.35-2.21-2.99-2.21-4.93,0-.96.2-1.89.61-2.78.41-.89.97-1.67,1.71-2.32,1.11-1,2.36-1.49,3.75-1.49,1.24,0,2.33.36,3.3,1.09.99.76,1.65,1.71,1.98,2.86.11.41.19.95.23,1.62Zm-3.31-.64c-.02-1.56-.11-2.55-.27-2.97-.31-.84-.99-1.26-2.04-1.26-1.11,0-1.88.39-2.3,1.18-.21.4-.32,1.02-.34,1.85v1.2h4.95Z"></path> <path d="m254.56,44.92l.36.42c-.6.66-1.4,1-2.38,1-1.27,0-2.09-.81-2.48-2.44-.24.5-.54.91-.92,1.24-.9.8-1.93,1.2-3.08,1.2s-1.99-.34-2.64-1.01c-.49-.49-.73-1.14-.73-1.96,0-1.61.96-2.78,2.88-3.53,1.05-.41,2.58-.65,4.6-.7v-2.18c0-.92-.03-1.5-.08-1.74-.19-.87-.88-1.31-2.07-1.31-.71,0-1.34.2-1.9.59-.29.2-.44.41-.44.62,0,.09.05.21.16.34.31.39.47.76.47,1.1s-.12.65-.37.9c-.28.27-.62.41-1.01.41-.37,0-.68-.11-.93-.34-.29-.27-.43-.64-.43-1.11,0-.67.33-1.29.99-1.84,1.05-.87,2.37-1.31,3.97-1.31s2.89.43,3.7,1.31c.41.45.63.95.67,1.51.02.25.03.97.03,2.15v3.52c0,2.03.04,3.14.11,3.33.1.26.29.39.56.39.3,0,.62-.19.96-.56Zm-4.39-5.23c-1.48.06-2.56.3-3.24.72-.93.59-1.4,1.4-1.4,2.44,0,.68.19,1.2.56,1.57.31.32.74.48,1.31.48.97,0,1.72-.47,2.27-1.42.33-.57.5-1.63.5-3.17v-.62Z"></path> <path d="m258.47,45.44v-11.12h-2.13v-.64h4.99v3c.87-2.18,2.03-3.27,3.49-3.27.54,0,.99.15,1.35.44.41.33.62.78.62,1.35,0,.48-.15.87-.45,1.17-.29.29-.66.44-1.11.44-.55,0-.95-.23-1.21-.68-.12-.21-.19-.48-.2-.81-.03-.43-.14-.65-.33-.65-.27,0-.56.27-.89.79-.47.8-.8,1.75-.99,2.86-.19,1.05-.28,2.47-.28,4.26v2.86h1.98v.64h-6.97v-.64h2.13Z"></path> <path d="m278.55,42.01h.81c-.47,1.35-1.01,2.31-1.63,2.89-1.02.96-2.25,1.44-3.69,1.44-1.66,0-3.11-.65-4.34-1.96-1.21-1.29-1.82-2.79-1.82-4.53,0-1.9.71-3.53,2.12-4.89,1.24-1.18,2.71-1.77,4.42-1.77,1.39,0,2.55.38,3.47,1.14.75.63,1.12,1.35,1.12,2.16,0,.4-.1.76-.31,1.07-.27.4-.67.61-1.2.61-.43,0-.77-.14-1.04-.42-.28-.3-.42-.68-.42-1.12,0-.58.23-1.07.68-1.48.08-.08.12-.16.12-.22,0-.16-.13-.34-.39-.51-.52-.36-1.17-.54-1.94-.54-1.26,0-2.13.44-2.63,1.32-.45.8-.67,2.66-.67,5.59,0,1.27.06,2.19.19,2.75.18.76.56,1.32,1.15,1.68.47.28,1.02.42,1.65.42,1.31,0,2.4-.53,3.28-1.59.43-.5.78-1.18,1.07-2.05Z"></path> <path d="m282.15,45.44v-19.96h-1.85v-.64h4.72v10.6c.64-.76,1.32-1.29,2.04-1.6.82-.34,1.68-.51,2.58-.51,1.49,0,2.6.4,3.31,1.21.33.37.54.81.64,1.31.05.31.08.98.08,2.01v7.59h2.01v.64h-6.83v-.64h1.87v-7.59c0-.99-.04-1.69-.11-2.07-.09-.55-.34-.95-.73-1.21-.33-.23-.7-.34-1.1-.34-.86,0-1.62.29-2.29.89-.65.59-1.07,1.4-1.26,2.44-.13.75-.2,1.83-.2,3.25v4.64h1.91v.64h-6.88v-.64h2.1Z"></path> <path d="m308.48,35.84v-.62h5.93v.62h-2.57c-.02.8-.17,1.78-.43,2.96-.3,1.3-.87,2.42-1.71,3.36l2.15,3.28h2.37v.64h-5.17l-1.17-1.8c-1.56,1.43-3.32,2.15-5.29,2.15-1.45,0-2.64-.36-3.56-1.09-.54-.41-.97-.96-1.3-1.62s-.49-1.34-.49-2.01c0-1.8,1-3.34,2.99-4.64.22-.15.75-.46,1.6-.93.2-.1.39-.21.58-.33-.5-.75-.96-1.49-1.4-2.23-.43-.75-.65-1.4-.65-1.96,0-.93.41-1.67,1.23-2.22.9-.59,2.02-.89,3.36-.89,1.41,0,2.52.35,3.33,1.06.56.49.84,1.08.84,1.77,0,.87-.41,1.67-1.23,2.41-.66.59-1.55,1.08-2.66,1.48l4.14,6.41c.62-.76,1.11-1.79,1.45-3.11.21-.83.33-1.72.37-2.68h-2.69Zm-.92,7.9l-4.81-7.39c-1.95.96-2.92,2-2.92,3.09,0,.74.26,1.63.78,2.69,1.04,2.13,2.32,3.19,3.86,3.19.97,0,2.01-.53,3.09-1.59Zm-2.71-9.02c1.35-.47,2.02-1.63,2.02-3.49,0-.78-.17-1.33-.5-1.66-.3-.31-.78-.47-1.43-.47s-1.17.13-1.6.37c-.41.22-.61.57-.61,1.06,0,.54.29,1.29.86,2.24.1.16.38.57.82,1.26.08.14.23.36.43.68Z"></path> <path d="m318.72,45.44v-19.96h-2.44v-.64h7.05c2.34,0,4.02.16,5.04.47,2.12.63,3.84,1.95,5.17,3.97,1.14,1.72,1.71,3.75,1.71,6.07,0,2.58-.68,4.82-2.02,6.71-1.26,1.77-2.78,2.96-4.56,3.55-.98.32-2.66.48-5.04.48h-7.56v-.64h2.66Zm3.5,0h1.4c1.61,0,2.7-.06,3.28-.19,1.83-.39,3.03-1.34,3.63-2.83.48-1.18.72-3.65.72-7.41,0-2.28-.11-4.04-.33-5.26-.37-2.01-1.44-3.3-3.2-3.86-.72-.24-1.45-.37-2.19-.39-.51-.02-1.21-.03-2.1-.03h-1.2v19.96Z"></path> <path d="m349.54,44.92l.36.42c-.6.66-1.4,1-2.38,1-1.27,0-2.09-.81-2.48-2.44-.24.5-.54.91-.92,1.24-.9.8-1.93,1.2-3.08,1.2s-1.99-.34-2.64-1.01c-.49-.49-.73-1.14-.73-1.96,0-1.61.96-2.78,2.88-3.53,1.05-.41,2.58-.65,4.6-.7v-2.18c0-.92-.03-1.5-.08-1.74-.19-.87-.88-1.31-2.07-1.31-.71,0-1.34.2-1.9.59-.29.2-.44.41-.44.62,0,.09.05.21.16.34.31.39.47.76.47,1.1s-.12.65-.37.9c-.28.27-.62.41-1.01.41-.37,0-.68-.11-.93-.34-.29-.27-.43-.64-.43-1.11,0-.67.33-1.29.99-1.84,1.05-.87,2.37-1.31,3.97-1.31s2.89.43,3.7,1.31c.41.45.63.95.67,1.51.02.25.03.97.03,2.15v3.52c0,2.03.04,3.14.11,3.33.1.26.29.39.56.39.3,0,.62-.19.96-.56Zm-4.39-5.23c-1.48.06-2.56.3-3.24.72-.93.59-1.4,1.4-1.4,2.44,0,.68.19,1.2.56,1.57.31.32.74.48,1.31.48.97,0,1.72-.47,2.27-1.42.33-.57.5-1.63.5-3.17v-.62Z"></path> <path d="m355.87,28.68v4.96h3.22v.64h-3.22v8.96c0,.76.08,1.27.25,1.54.25.39.66.59,1.23.59.93,0,1.51-.56,1.74-1.7h.65c-.31,1.82-1.44,2.72-3.39,2.72-1.18,0-2.08-.38-2.69-1.13-.31-.38-.5-.79-.56-1.23-.06-.4-.09-.99-.09-1.77v-7.98h-1.93v-.45c.85-.36,1.78-1.13,2.78-2.3.66-.8,1.17-1.75,1.51-2.85h.5Z"></path> <path d="m373.03,44.92l.36.42c-.6.66-1.4,1-2.38,1-1.27,0-2.09-.81-2.48-2.44-.24.5-.54.91-.92,1.24-.9.8-1.93,1.2-3.08,1.2s-1.99-.34-2.64-1.01c-.49-.49-.73-1.14-.73-1.96,0-1.61.96-2.78,2.88-3.53,1.05-.41,2.58-.65,4.6-.7v-2.18c0-.92-.03-1.5-.08-1.74-.19-.87-.88-1.31-2.07-1.31-.71,0-1.34.2-1.9.59-.29.2-.44.41-.44.62,0,.09.05.21.16.34.31.39.47.76.47,1.1s-.12.65-.37.9c-.28.27-.62.41-1.01.41-.37,0-.68-.11-.93-.34-.29-.27-.43-.64-.43-1.11,0-.67.33-1.29.99-1.84,1.05-.87,2.37-1.31,3.97-1.31s2.89.43,3.7,1.31c.41.45.63.95.67,1.51.02.25.03.97.03,2.15v3.52c0,2.03.04,3.14.11,3.33.1.26.29.39.56.39.3,0,.62-.19.96-.56Zm-4.39-5.23c-1.48.06-2.56.3-3.24.72-.93.59-1.4,1.4-1.4,2.44,0,.68.19,1.2.56,1.57.31.32.74.48,1.31.48.97,0,1.72-.47,2.27-1.42.33-.57.5-1.63.5-3.17v-.62Z"></path> </g> </svg> </a></div><p>Enhance your risk and investment decisions, within and beyond the rated universe, by leveraging <a href="https://www.fitchsolutions.com/credit/ratings-data">Fitch Credit Ratings</a> and <a href="https://www.fitchsolutions.com/credit/ratings-research">Fitch Ratings Credit Research</a>, plus <a href="https://www.fitchsolutions.com/credit/fundamental-data">Fundamental Financial Data</a> and workflow-friendly analytical tools. All backed by the transparent methodologies, differentiated perspectives, and depth of expertise of Fitch Ratings analysts.</p><div class="button__wrapper"> <a class=" button button--6 " href="https://www.fitchsolutions.com/credit" target="_self" data-url=""> > EXPLORE PRODUCTS </a></div></div></article></div></div><div class=" grid grid--se-9-13 grid--row-span-2 grid--as-top ta--left grid--bd grid--bdrs " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" "><div class="grid__content"><div style="padding: 15px 0 20px 0"> <a href="https://www.sustainablefitch.com" target="_blank" aria-label="SustainableFitch a FitchSolutions Company"> <svg version="1.1" class="logo logo--sustainable-fitch" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 281.78 45.34" xml:space="preserve" shape-rendering="geometricPrecision" style="width: auto; height: auto; max-height: 50px"> <rect class="logo--color-2" x="56.66" y="-.03" width=".75" height="45.34"></rect> <g class="logo--color-2"> <path d="M71.83,39.59h.31v-.14c0-1.07-.58-1.43-1.37-1.43-.91,0-1.56.53-1.56.53l-.35-.57s.72-.63,1.96-.63c1.33,0,2.06.74,2.06,2.12v3.53h-.71v-.6c0-.27.02-.46.02-.46h-.02s-.46,1.2-1.84,1.2c-.92,0-1.88-.54-1.88-1.63,0-1.87,2.43-1.91,3.38-1.91ZM70.45,42.5c1.05,0,1.69-1.1,1.69-2.05v-.24h-.32c-.87,0-2.6.03-2.6,1.25,0,.52.41,1.04,1.23,1.04Z"></path> <path d="M77.78,35.29h4.06v.68h-3.3v2.9h2.83v.68h-2.83v3.46h-.76v-7.72Z"></path> <path d="M83.18,35.29h.78v.93h-.78v-.93ZM83.2,37.49h.75v5.52h-.75v-5.52Z"></path> <path d="M85.96,38.18h-.72v-.63h.74v-1.59h.74v1.59h1.38v.63h-1.38v2.74c0,1.3.82,1.46,1.24,1.46.15,0,.25-.02.25-.02v.67s-.12.02-.32.02c-.64,0-1.92-.21-1.92-2.05v-2.82Z"></path> <path d="M91.94,37.35c1.35,0,2.02.79,2.02.79l-.38.56s-.61-.67-1.61-.67c-1.21,0-2.15.9-2.15,2.22s.95,2.22,2.17,2.22c1.12,0,1.77-.78,1.77-.78l.34.58s-.75.87-2.15.87c-1.64,0-2.9-1.17-2.9-2.89s1.27-2.9,2.9-2.9Z"></path> <path d="M95.45,35.29h.75v2.99c0,.25-.02.45-.02.45h.02c.21-.53.94-1.37,2.19-1.37,1.36,0,1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.57-.07.22-.09.47-.09.74v2.65h-.75v-7.72Z"></path> <path d="M102.02,41.57s.8.84,2.02.84c.84,0,1.54-.51,1.54-1.34,0-1.94-3.85-1.45-3.85-3.84,0-1.11.98-2.07,2.4-2.07,1.34,0,2.06.75,2.06.75l-.37.64s-.68-.66-1.69-.66-1.62.65-1.62,1.33c0,1.83,3.85,1.31,3.85,3.84,0,1.15-.89,2.09-2.34,2.09-1.58,0-2.45-.99-2.45-.99l.45-.58Z"></path> <path d="M110.34,37.35c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM110.34,42.47c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M114.6,35.29h.75v6.25c0,.72.33.83.61.83.1,0,.19-.01.19-.01v.67s-.13.02-.27.02c-.46,0-1.27-.14-1.27-1.35v-6.41Z"></path> <path d="M117.29,37.49h.75v3.31c0,.87.13,1.63,1.2,1.63,1.26,0,2.04-1.11,2.04-2.3v-2.65h.75v5.52h-.72v-.82c0-.24.02-.44.02-.44h-.02c-.22.54-.94,1.39-2.16,1.39-1.3,0-1.84-.7-1.84-2.14v-3.51Z"></path> <path d="M124.03,38.18h-.72v-.63h.74v-1.59h.74v1.59h1.38v.63h-1.38v2.74c0,1.3.82,1.46,1.24,1.46.15,0,.25-.02.25-.02v.67s-.12.02-.32.02c-.64,0-1.92-.21-1.92-2.05v-2.82Z"></path> <path d="M127.47,35.29h.78v.93h-.78v-.93ZM127.49,37.49h.75v5.52h-.75v-5.52Z"></path> <path d="M132.55,37.35c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM132.55,42.47c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M136.87,37.49h.74v.82c0,.24-.02.44-.02.44h.02c.2-.51.9-1.39,2.21-1.39s1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.56-.07.23-.09.48-.09.75v2.65h-.75v-5.52Z"></path> <path d="M143.33,41.8s.61.67,1.65.67c.59,0,1.11-.3,1.11-.88,0-1.21-2.97-.91-2.97-2.71,0-.99.89-1.53,1.89-1.53,1.16,0,1.7.6,1.7.6l-.34.57s-.47-.51-1.38-.51c-.56,0-1.1.24-1.1.86,0,1.22,2.97.89,2.97,2.71,0,.9-.78,1.55-1.89,1.55-1.34,0-2.04-.8-2.04-.8l.41-.54Z"></path> <path d="M154.77,35.16c1.84,0,2.78,1,2.78,1l-.41.56s-.9-.86-2.35-.86c-1.81,0-3.11,1.4-3.11,3.23s1.3,3.35,3.13,3.35c1.56,0,2.5-1.03,2.5-1.03l.44.54s-1.05,1.2-2.95,1.2c-2.28,0-3.91-1.79-3.91-4.04s1.67-3.94,3.87-3.94Z"></path> <path d="M161.69,37.35c1.61,0,2.92,1.23,2.92,2.86s-1.31,2.92-2.92,2.92-2.92-1.25-2.92-2.92,1.31-2.86,2.92-2.86ZM161.69,42.47c1.19,0,2.15-.97,2.15-2.25s-.97-2.18-2.15-2.18-2.15.93-2.15,2.18.97,2.25,2.15,2.25Z"></path> <path d="M166.01,37.49h.74v.82c0,.24-.02.44-.02.44h.02c.26-.75,1.14-1.39,2-1.39,1.02,0,1.55.47,1.71,1.38h.02c.3-.75,1.1-1.38,2.03-1.38,1.34,0,1.83.78,1.83,2.14v3.51h-.75v-3.33c0-.9-.19-1.65-1.2-1.65-.84,0-1.54.75-1.74,1.56-.08.24-.1.51-.1.8v2.61h-.75v-3.33c0-.83-.12-1.65-1.16-1.65-.9,0-1.58.78-1.81,1.62-.05.23-.08.48-.08.74v2.61h-.75v-5.52Z"></path> <path d="M176.06,37.49h.71v.54c0,.24-.02.43-.02.43h.02s.45-1.1,1.91-1.1,2.4,1.19,2.4,2.9-1.04,2.89-2.47,2.89c-1.33,0-1.81-1.05-1.81-1.05h-.02s.02.2.02.48v2.63h-.75v-7.72ZM178.54,42.48c.98,0,1.78-.82,1.78-2.23s-.71-2.22-1.74-2.22c-.92,0-1.79.66-1.79,2.23,0,1.11.61,2.22,1.76,2.22Z"></path> <path d="M185.46,39.59h.31v-.14c0-1.07-.58-1.43-1.37-1.43-.91,0-1.56.53-1.56.53l-.35-.57s.72-.63,1.96-.63c1.33,0,2.06.74,2.06,2.12v3.53h-.71v-.6c0-.27.02-.46.02-.46h-.02s-.46,1.2-1.84,1.2c-.92,0-1.88-.54-1.88-1.63,0-1.87,2.43-1.91,3.38-1.91ZM184.07,42.5c1.05,0,1.69-1.1,1.69-2.05v-.24h-.32c-.87,0-2.6.03-2.6,1.25,0,.52.41,1.04,1.23,1.04Z"></path> <path d="M188.23,37.49h.74v.82c0,.24-.02.44-.02.44h.02c.2-.51.9-1.39,2.21-1.39s1.84.78,1.84,2.14v3.51h-.75v-3.31c0-.87-.13-1.63-1.2-1.63-.94,0-1.76.65-2.01,1.56-.07.23-.09.48-.09.75v2.65h-.75v-5.52Z"></path> <path d="M194.21,44.39s.31.25.66.25c.48,0,.82-.39,1.04-.9l.34-.78-2.3-5.48h.82l1.63,4.03c.11.27.2.58.2.58h.02s.08-.31.19-.58l1.59-4.03h.81l-2.72,6.67c-.29.7-.86,1.15-1.59,1.15-.57,0-.97-.33-.97-.33l.29-.59Z"></path> </g> <g class="logo--color-2"> <path d="M81.04,1.75l.16,5.93h-.89c-.18-1.31-.57-2.37-1.18-3.17-1.01-1.31-2.33-1.97-3.97-1.97-1.24,0-2.26.38-3.09,1.13-.83.76-1.25,1.71-1.25,2.87s.49,2.08,1.46,2.63c.63.36,1.9.79,3.79,1.3,1.29.34,2.18.61,2.67.82,2.36,1.03,3.55,3,3.55,5.92,0,2.25-.67,4.11-2,5.58-1.23,1.36-2.78,2.03-4.68,2.03-1.78,0-3.46-.65-5.04-1.95l-1.23,1.62h-.7l-.16-6.93h.94c.25,1.65.71,2.94,1.36,3.86,1.19,1.7,2.82,2.54,4.89,2.54,1.3,0,2.38-.36,3.23-1.08,1.07-.9,1.61-2.11,1.61-3.64s-.51-2.57-1.53-3.33c-.43-.32-.98-.59-1.66-.81-.25-.09-.98-.28-2.18-.59-2.3-.58-3.82-1.23-4.56-1.95-1.05-1.01-1.58-2.34-1.58-4,0-.9.16-1.79.49-2.67.33-.88.78-1.63,1.35-2.24,1.17-1.27,2.61-1.9,4.33-1.9,1.4,0,2.8.47,4.2,1.4l1.18-1.4h.48Z"></path> <path d="M98.44,11.49v12.34h2.15v.67h-5.15v-1.84c-.31.6-.74,1.08-1.3,1.43-.88.55-1.89.82-3.05.82-1.53,0-2.7-.4-3.5-1.21-.54-.55-.85-1.22-.94-2.02-.08-.62-.12-1.48-.12-2.56v-6.96h-2.13v-.67h5.15v7.63c0,2.07.06,3.29.16,3.68.23.8.9,1.2,2,1.2,1.27,0,2.23-.51,2.87-1.54.36-.57.6-1.31.71-2.23.08-.6.11-1.78.11-3.55v-4.51h-2.13v-.67h5.15Z"></path> <path d="M110.9,11.11l.08,3.96h-.72c-.14-.89-.48-1.61-1.02-2.18-.71-.74-1.58-1.12-2.61-1.12-.79,0-1.47.22-2.03.66-.57.45-.85,1.01-.85,1.69,0,.54.27.94.8,1.21.44.23,1.28.45,2.53.67,1.21.21,2.07.44,2.58.71,1.36.72,2.04,1.94,2.04,3.64,0,1.23-.4,2.26-1.21,3.12-.83.89-1.88,1.33-3.13,1.33-1.18,0-2.36-.46-3.53-1.38l-.79,1.08h-.41l-.12-5.01.62-.03c.32,1.25.7,2.21,1.16,2.89.71,1.05,1.74,1.58,3.09,1.58,1.02,0,1.83-.3,2.43-.89.44-.43.66-.94.66-1.54,0-.57-.21-1.03-.64-1.38-.39-.33-1.25-.6-2.58-.8-1.18-.2-2.01-.4-2.48-.61-1.42-.65-2.13-1.86-2.13-3.64,0-1.16.38-2.13,1.13-2.92.73-.77,1.67-1.15,2.81-1.15.8,0,1.57.2,2.3.59.23.12.55.32.95.59l.53-1.07h.56Z"></path> <path d="M118.3,6.15v5.24h3.4v.67h-3.4v9.45c0,.8.09,1.34.26,1.62.26.42.69.62,1.3.62.98,0,1.6-.6,1.84-1.79h.69c-.33,1.91-1.52,2.87-3.58,2.87-1.25,0-2.19-.4-2.84-1.2-.33-.4-.52-.84-.59-1.3-.06-.43-.1-1.05-.1-1.87v-8.42h-2.03v-.48c.9-.38,1.88-1.19,2.94-2.43.7-.84,1.23-1.84,1.59-3h.53Z"></path> <path d="M141.88,2.74c.58,0,1.06.22,1.44.66.29.34.44.74.44,1.2,0,.55-.2,1.01-.59,1.4-.36.34-.8.51-1.31.51s-.94-.18-1.3-.52c-.37-.37-.56-.84-.56-1.4s.19-1,.57-1.36c.34-.32.77-.47,1.3-.47"></path> <polygon points="140.48 23.83 140.48 12.12 138.28 12.12 138.28 11.45 143.5 11.45 143.5 23.83 145.52 23.83 145.52 24.5 138.28 24.5 138.28 23.83 140.48 23.83"></polygon> <path d="M149.33,23.83v-11.72h-2.08v-.67h5.12v1.81c1.09-1.44,2.5-2.17,4.22-2.17,1.37,0,2.46.45,3.28,1.36.5.57.8,1.19.89,1.87.05.45.08,1.13.08,2.03v7.48h2.1v.67h-7.04v-.67h2.02v-5.17c-.01-2.94-.03-4.54-.05-4.79-.1-1.24-.74-1.85-1.94-1.85-.47,0-.94.13-1.42.38-.48.25-.87.58-1.19.98-.39.51-.65,1.21-.77,2.1-.13.87-.2,2.33-.2,4.37v3.99h2.07v.67h-7.19v-.67h2.1Z"></path> <polygon points="197.37 23.83 197.37 2.77 194.91 2.77 194.91 2.1 200.44 2.1 200.44 23.83 202.8 23.83 202.8 24.5 194.97 24.5 194.97 23.83 197.37 23.83"></polygon> <path d="M212.86,16.15c-.02-1.64-.12-2.69-.28-3.13-.33-.89-1.04-1.33-2.15-1.33-1.17,0-1.98.41-2.43,1.25-.22.43-.34,1.08-.36,1.95v1.26h5.22ZM216.36,16.82h-8.72c-.01.49-.02.8-.02.92,0,1.61.02,2.67.06,3.18.15,2.08,1.2,3.12,3.14,3.12,1.32,0,2.44-.54,3.36-1.63.49-.58.86-1.36,1.12-2.35h.79c-.23,1.26-.8,2.34-1.71,3.23-1.03,1.02-2.28,1.53-3.76,1.53s-2.89-.57-4.15-1.72c-1.55-1.42-2.33-3.16-2.33-5.2,0-1.02.21-2,.64-2.94.43-.94,1.03-1.76,1.81-2.45,1.17-1.05,2.49-1.57,3.96-1.57,1.3,0,2.46.38,3.48,1.15,1.05.8,1.75,1.81,2.08,3.02.12.44.2,1.01.25,1.71"></path> <path d="M192.05,13.13c-.52-.65-1.16-1.16-1.89-1.53-.74-.37-1.48-.56-2.22-.56-1.15,0-2.15.38-2.99,1.13-.39.36-.74.86-1.03,1.48V2.1h-5.1v.67h2.08v21.06h-2.02v.67h5.04v-2.3c.91,1.75,2.2,2.63,3.87,2.63,1.51,0,2.83-.65,3.96-1.95,1.25-1.44,1.87-3.15,1.87-5.12,0-1.82-.52-3.36-1.56-4.63ZM189.95,20.97c-.05,1.05-.25,1.8-.59,2.25-.45.62-1.05.93-1.79.93-.34,0-.69-.08-1.05-.25-.7-.33-1.24-.8-1.61-1.41-.71-1.17-1.07-2.73-1.07-4.68,0-2.22.55-3.91,1.64-5.07.58-.61,1.24-.92,1.99-.92,1.06,0,1.79.52,2.2,1.56.21.55.31,2.08.31,4.6,0,1.47-.01,2.46-.03,2.99Z"></path> <path d="M177.23,23.29c-.36.39-.7.59-1.02.59-.28,0-.48-.14-.59-.41-.08-.2-.12-1.37-.12-3.51v-3.71c0-1.25-.01-2-.03-2.26-.04-.59-.28-1.12-.71-1.59-.85-.92-2.16-1.38-3.91-1.38s-3.08.46-4.19,1.38c-.7.58-1.05,1.22-1.05,1.94,0,.49.15.88.46,1.17.26.24.59.36.98.36.42,0,.77-.14,1.07-.43.26-.26.39-.58.39-.95s-.16-.75-.49-1.17c-.11-.14-.16-.26-.16-.36,0-.23.15-.45.46-.66.59-.42,1.26-.62,2-.62,1.26,0,1.99.46,2.18,1.38.05.25.08.86.08,1.84v2.3c-2.13.05-3.75.3-4.86.74-2.02.79-3.04,2.03-3.04,3.73,0,.86.26,1.55.77,2.07.69.71,1.62,1.07,2.79,1.07s2.3-.42,3.25-1.26c.39-.35.72-.79.97-1.31.4,1.72,1.27,2.58,2.61,2.58,1.04,0,1.88-.35,2.51-1.05l-.38-.44ZM172.6,18.43c0,1.63-.18,2.75-.53,3.35-.58,1-1.38,1.49-2.4,1.49-.59,0-1.05-.17-1.38-.51-.39-.39-.59-.95-.59-1.66,0-1.09.49-1.95,1.48-2.58.71-.44,1.85-.69,3.41-.76v.66Z"></path> <path d="M136.38,23.29c-.36.39-.7.59-1.02.59-.28,0-.48-.14-.59-.41-.08-.2-.12-1.37-.12-3.51v-3.71c0-1.25-.01-2-.03-2.26-.04-.59-.28-1.12-.71-1.59-.85-.92-2.16-1.38-3.91-1.38s-3.08.46-4.19,1.38c-.7.58-1.05,1.22-1.05,1.94,0,.49.15.88.46,1.17.26.24.59.36.98.36.42,0,.77-.14,1.07-.43.26-.26.39-.58.39-.95s-.16-.75-.49-1.17c-.11-.14-.16-.26-.16-.36,0-.23.15-.45.46-.66.59-.42,1.26-.62,2-.62,1.26,0,1.99.46,2.18,1.38.05.25.08.86.08,1.84v2.3c-2.13.05-3.75.3-4.86.74-2.02.79-3.04,2.03-3.04,3.73,0,.86.26,1.55.77,2.07.69.71,1.62,1.07,2.79,1.07s2.3-.42,3.25-1.26c.39-.35.72-.79.97-1.31.4,1.72,1.27,2.58,2.61,2.58,1.04,0,1.88-.35,2.51-1.05l-.38-.44ZM131.75,18.43c0,1.63-.18,2.75-.53,3.35-.58,1-1.38,1.49-2.4,1.49-.59,0-1.05-.17-1.38-.51-.39-.39-.59-.95-.59-1.66,0-1.09.49-1.95,1.48-2.58.71-.44,1.85-.69,3.41-.76v.66Z"></path> </g> <g class="logo--color-1"> <path d="M230.42,17.66c-.13-4.09-1.35-4.12-4.16-4.12h-1.39v10.23h2.83v.66h-9.16v-.66h2.83V2.86h-2.83v-.66h16.03l.38,6.3h-.54c-.31-1.89-.82-3.62-2.14-4.72-1.1-.94-2.11-.91-4.41-.91h-2.99v9.98h1.32c2.52-.03,3.43-.06,3.87-1.42.22-.63.32-2.14.32-2.83h.6v9.07h-.57Z"></path> <path d="M235.53,11.46h5.1v12.31h2.05v.66h-7.18v-.66h2.17v-11.65h-2.14v-.66ZM239.02,2.7c1.04,0,1.86.82,1.86,1.86s-.82,1.86-1.86,1.86-1.86-.82-1.86-1.86.82-1.86,1.86-1.86Z"></path> <path d="M251.5,12.12h-3.37v9.38c0,.98-.03,2.3,1.54,2.3s1.8-1.29,1.89-1.79h.69c-.16.76-.6,2.8-3.53,2.8-1.54,0-2.8-.6-3.27-1.86-.25-.6-.25-1.29-.25-2.9v-7.94h-2.05v-.44c1.17-.5,2.11-1.39,2.9-2.36,1.23-1.48,1.45-2.42,1.61-3.09h.47v5.23h3.37v.66Z"></path> <path d="M264.82,20.21c-.44,2.24-2.11,4.6-5.51,4.6-3.68,0-6.49-3.02-6.49-6.74,0-4.06,3.15-6.99,6.86-6.99,2.93,0,4.72,1.83,4.72,3.4,0,1.01-.69,1.76-1.61,1.76s-1.48-.82-1.48-1.67c0-.72.38-1.23.63-1.48.09-.13.16-.19.16-.32,0-.28-.79-1.07-2.49-1.07-.88,0-2.2.22-2.83,1.76-.5,1.23-.54,4.13-.54,5.54,0,1.07,0,2.27.32,3.15.35,1.04,1.2,1.95,2.83,1.95,2.65,0,4.19-2.02,4.63-3.9h.79Z"></path> <path d="M265.44,2.2h5.01v11.12c.54-.69,1.98-2.24,4.79-2.24,1.76,0,2.93.6,3.53,1.26.72.82.76,2.11.76,2.96v8.47h2.08v.66h-7.18v-.66h2.02v-8.66c0-1.32.03-3.09-2.11-3.09-.31,0-1.7,0-2.77,1.35-.98,1.26-1.04,2.52-1.1,5.07v5.32h2.02v.66h-7.18v-.66h2.11V2.86h-1.95v-.66Z"></path> </g> <g class="logo--color-3"> <path d="M9.71,35.98l4.23-8.12,4.5,8.22-8.72-.1ZM27.26,30.91l3.34-5.17,2.48,5.22-5.82-.05ZM13.55,25.74l-3.02-5.24-.24-.42-.23.42L.05,38.59l-.05.08h4.13v-.06l-3.88-.07,10.04-17.36,2.89,5.29-4.94,9.78-.55.91h1.05s10.48-.13,10.48-.13h.8s-.4-.7-.4-.7l-5.31-9.22,8.84-16.98,6.07,12.77-6.51,10.49,2.25-.02,9.93-.08,2.11-.02-5.05-9.7,3.85-5.97,6.01,11.85,3.72-.04-9.61-17.32-5.4,8.71-7.36-14.15-9.63,19.07Z"></path> </g></svg> </a></div><p>Leverage rigorous, human-powered ESG analysis on entities and instruments for the fixed income market. Understand the alignment of labelled bonds to accepted industry principles such as ICMA and the EU Taxonomy, including use-of-proceeds, with <a href="https://www.sustainablefitch.com/products/esg-ratings-data-analysis" target="_blank">ESG Ratings</a> and <a href="https://www.sustainablefitch.com/products/second-party-opinions" target="_blank">Second-Party Opinions</a>.</p><div class="button__wrapper"> <a class=" button button--6 " href="https://www.sustainablefitch.com" target="_blank" data-url=""> > SEE ESG PRODUCTS </a></div></div></article></div></div></div><style type="text/css"> .logo--bmi .st2{fill:url(#SVGID_1_);} .logo--bmi .st3{fill:url(#SVGID_00000106861278455207923120000002954000285353841024_);} .logo--bmi .st4{fill:#B8B8B8;} .logo--bmi { --lg-1: #2A8ABF; --lg-2: #174174; } [data-theme=dark] .logo--bmi .st4 { fill:#ffffff; } [data-theme=dark] .logo--bmi { --lg-1: #ffffff; } [data-theme=dark] .logo--bmi { --lg-2: #888888; } </style></div></div> </section> <section class=" section " data-aos-delay="50"><div class=" section--padding-2 " style=" background-color: #f5f5f5; color: #000000; "><div class="wrapper--1"><div class="grid__wrapper"><div class="grid grid--full grid--se-10-13 "><div class="va"><h3 class="heading--1 "> Fueling better decision making</h3><p>Fitch Solutions provides robust, granular, and in-depth information, plus differentiated perspectives, especially in markets where information is hard to find and difficult to interpret.</p><p>With decades of specialized experience, our teams offer in-depth views that help clients easily understand markets and risk, so they can protect their organizations’ interests.</p></div></div><div class="grid grid--full grid--se-1-9 "><div class="image-wrapper"></div><div class="video"><div class="video__wrapper"><div class="brightcove-player sizing-responsive"><div style="max-width:300;"> <video-js class="vjs-fluid" controls="" data-account="3714047686001" data-embed="default" data-player="default" data-usage="cms:drupal:10.2.4:3.2.0:javascript" data-video-id="6285768850001"></video-js></div><script src="//players.brightcove.net/3714047686001/default_default/index.min.js"></script></div> Fitch Solutions - What we do</div></div></div></div></div></div> </section> <section class=" section section--spacing-above section--spacing-below " data-aos-delay="50"><div class=" " style=" "><div class="wrapper--1"><h3 class="heading--1 "> Get to know us</h3><p>The driving force behind our products is our people. Experienced analysts, lawyers, journalists, economists, data specialists, and committed customer success teams across the globe work together to ensure we remain a trusted partner to our clients.</p><div class=" grid__wrapper grid--column-12 grid--row-2 "><div class=" grid grid--se-1-5 grid--as-top ta--left " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" background-color: #174174; "><div class="grid__content"><h3 class="heading--2 "> <a class="" href="/about-fitch-solutions" target="_self" data-url=""> About Us </a></h3><p>Get to know the companies behind the products, our history and current leadership, the mission and values that drive our people, plus some of the recent accolades that recognized the excellence of our work.</p></div></article></div></div><div class=" grid grid--se-5-9 grid--as-top ta--left bg--img bg--blend " style=" background-image: url('/sites/default/files/styles/component_480x270_/public/background-image/careers-bw-002.jpg.webp?VersionId=UEWO_St6K7DDvvX6HYYBVrdwf.Wdwqt0&itok=2vkDUZ2g'); background-color: rgba(157,182,223,0.8); " data-aos-delay="50"><div class=" grid__content "></div></div><div class=" grid grid--se-9-13 grid--as-top ta--left " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" background-color: #174174; "><div class="grid__content"><h3 class="heading--2 "> <a class="" href="https://careers.fitch.group/Our-People-and-Culture" target="_blank" data-url=""> Our People and Culture </a></h3><p>Our people come from diverse backgrounds, some start their careers with us via our graduate programs, others come from different walks of life entirely and switch to Fitch. We attract globally-minded people with different experiences – this makes us a stronger community.</p></div></article></div></div><div class=" grid grid--se-1-5 grid--row-span-2 grid--as-top ta--left bg--img bg--blend " style=" background-image: url('/sites/default/files/styles/component_480x270_/public/background-image/careers-bw-007.jpg.webp?VersionId=FLto2Heqqc7osRuQK5xJ4km55x2tu6VB&itok=8EyukRzv'); background-color: rgba(157,182,223,0.8); " data-aos-delay="50"><div class=" grid__content "></div></div><div class=" grid grid--se-5-9 grid--row-span-2 grid--as-top ta--left " style=" " data-aos-delay="50"><div class=" grid__content "> <article class=" key-highlight " style=" background-color: #174174; "><div class="grid__content"><h3 class="heading--2 "> <a class="" href="https://careers.fitch.group/go/Fitch-Solutions/8973301/" target="_blank" data-url=""> Careers </a></h3><p>Whether you are looking for your next challenge in data & analysis, account management, sales, marketing or anything in between, the work you do will drive the growth and future of our organization.</p></div></article></div></div><div class=" grid grid--se-9-13 grid--row-span-2 grid--as-top ta--left bg--img bg--blend " style=" background-image: url('/sites/default/files/styles/component_480x270_/public/background-image/careers-bw-010.jpg.webp?VersionId=hKGy5SikF.mA46tK1jiWz9bot1lRmJTZ&itok=P05_0FSk'); background-color: rgba(157,182,223,0.8); " data-aos-delay="50"><div class=" grid__content "></div></div></div></div></div> </section> <section id="form" class=" section section--scroll " data-aos-delay="50"><div class=" section--padding-1 bg--img bg--blur bg--blend " style=" background-image: url('/sites/default/files/styles/component_1632x918_/public/background-image/digital-wave-flow-gettyimages-2149967437.jpg.webp?VersionId=XFSgUChvNhj4hZXX7zl_s61PMQthd8ZQ&itok=Ifj7zJpX'); background-color: #2d374e; background-color: rgba(136,136,136,1); color: #ffffff; "><div class="wrapper--1"><div class=" grid__wrapper grid--row-1 grid--as-middle "><div class=" grid grid--se-1-4 grid--as-top ta--left " style=" " data-aos-delay="50"><div class=" grid__content "><h3 class="heading--1 "> Request a Demo</h3><p> Hear from one of our specialists for an overview of our offerings to make better-informed decisions in today's ever-changing markets. Be equipped with critical insights and intelligence to manage risk and uncover opportunities across credit markets.</p><p> <strong>Our Mission</strong>: Empowering you to <strong>Know More. Risk Better.</strong></p></div></div><div class=" grid grid--se-5-13 grid--as-top ta--left " style=" " data-aos-delay="50"><div class=" grid__content "><div id="marketo-request-a-demo" class="embedded-form"><div class="form-form"><script>MktoForms2.loadForm("//your.fitchsolutions.com", "732-CKH-767", 6978);</script><form id="mktoForm_6978" data-form-name="demo" data-form-type="static"></form></div><div class="form-thankyou"><p>Thank you for your request. One of our specialists will be in touch shortly.<br><br>If you need immediate assistance, please <a href="/contact-us#block-officelocations">contact our nearest office</a>.</p></div></div></div></div></div></div></div> </section><div class="back-to-top"> <a class="js-scroll" href="#back-to-top" aria-label="Return to top of page"><i class="fas fa-angle-double-up"></i></a></div> </main> <footer class="footer"><section class="footer__links"><div class="wrapper--1"><div class="column__five"><div id="block-footer-2" class="settings-tray-editable column" data-drupal-settingstray="editable"><h4 class="heading--5">Businesses</h4><ul><li> <a href="/bmi" target="_self" overlay="_no" data-drupal-link-system-path="node/16197">BMI</a></li><li> <a href="https://know.creditsights.com/" target="_blank" overlay="_no">CreditSights</a></li><li> <a href="https://www.dv01.co/" target="_blank" overlay="_no">dv01</a></li><li> <a href="https://www.fitchlearning.com/" target="_blank" overlay="_no">Fitch Learning</a></li><li> <a href="/credit" target="_self" overlay="_no" data-drupal-link-system-path="node/16134">Fitch Ratings Research & Data</a></li><li> <a href="https://www.sustainablefitch.com" target="_blank" overlay="_no">Sustainable Fitch</a></li></ul></div><div id="block-footer-3" class="settings-tray-editable column" data-drupal-settingstray="editable"><h4 class="heading--5">Support</h4><ul><li> <a href="/contact-us" target="_self" overlay="_no">Contact us</a></li><li> <a href="/contact-us#block-officelocations" target="_self" overlay="_no">Local offices</a></li><li> <a href="tel:+442035302400" target="_self" overlay="_no">London +44 20 3530 2400</a></li><li> <a href="tel:+12129080800" target="_self" overlay="_no">New York +1 212 908 0800</a></li><li> <a href="tel:+6567967231" target="_self" overlay="_no">Singapore +65 6796 7231</a></li></ul></div><div id="block-footer-1" class="settings-tray-editable column" data-drupal-settingstray="editable"><h4 class="heading--5">About</h4><ul><li> <a href="/about-fitch-solutions" target="_self" overlay="_no">Corporate Overview</a></li><li> <a href="/awards-and-recognition" target="_self">Awards</a></li><li> <a href="https://careers.fitch.group/go/Fitch-Solutions/8973301/" target="_blank" overlay="_no">Careers</a></li><li> <a href="/strategic-partnerships" target="_self" overlay="_no">Partnerships</a></li><li> <a href="https://www.fitchsolutions.com/sites/default/files/2024-07/Modern-Slavery-Act-Statement-FSGL-FSL-2024.pdf" target="_blank" overlay="_no">Modern Slavery Act Statement </a></li><li> <a href="/sites/default/files/2023-07/Section-172-statement.pdf" target="_blank" overlay="_no">Section 172 Statement</a></li><li> <a href="https://fitchgroup.alertline.com/gcs/welcome" target="_blank" overlay="_no">Feedback</a></li></ul></div></div></div></section><section class="footer__legal"><div class="wrapper--1"><div class="grid__wrapper"><div class="grid grid--span-9 grid--full"> Fitch Group: <a href="https://www.fitchratings.com" target="_blank">Fitch Ratings</a> | <a href="https://www.fitchsolutions.com" target="_blank">Fitch Solutions</a> | Owned by <a href="https://www.hearst.com/home" target="_blank">Hearst</a><br>Copyright © 2024 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries, <a href="https://www.fitch.group/policies" target="_blank">Policies</a> | <a href="https://www.fitch.group/cookie-policy" target="_blank">Cookie Policy</a></div><div class="grid grid--span-3 grid--full"><ul><li><a href="https://www.linkedin.com/company/fitch-solutions/" target="_blank" aria-label="Linkedin: Fitch Solutions"><i class="fab fa-linkedin-in"></i></a></li><li><a href="https://mp.weixin.qq.com/s?__biz=MzkxODUwNjAwNQ%3D%3D&mid=2247487322&idx=1&sn=687a0ca86de6f872c30bc44eff371c8d&chksm=c1b11020f6c69936656ff2402d0334f8028cd5d5d3c43d77ab42e7b28215661994977aa0beee&token=96676757&lang=zh_CN#rd" target="_blank" aria-label="Follow Fitch Solutions on WeChat"><i class="fab fa-weixin"></i></a></li><li><a href="https://twitter.com/fitchsolutions" target="_blank" aria-label="Twitter: Fitch Solutions"><svg xmlns="http://www.w3.org/2000/svg" height="1em" viewbox="0 0 512 512" style="position: relative; top: 2px; fill: white;"><path d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"></path></svg></a></li><li><label class="theme-switch" for="checkbox"><input type="checkbox" id="checkbox"><div class="theme-toggle"></div></label></li></ul></div></div></div></section></footer></div><div id="search-box" class="search__overlay overlay-content-wrapper"><div class="wrapper--1"><div class="search__bar"><form action="/search" method="get" id="views-exposed-form-search-page-search" accept-charset="UTF-8"><div class="js-form-item form-item js-form-type-search-api-autocomplete form-item-search-api-fulltext js-form-item-search-api-fulltext"> <input data-bef-auto-submit-exclude="" data-drupal-selector="edit-search-api-fulltext" type="text" id="edit-search-api-fulltext" name="search_api_fulltext" value="" size="30" maxlength="128" class="form-autocomplete form-text ui-autocomplete-input" placeholder="Search" aria-label="Search" autocomplete="off"></div><div data-drupal-selector="edit-actions" class="form-actions js-form-wrapper form-wrapper" id="edit-actions"> <input data-bef-auto-submit-click="" data-drupal-selector="edit-submit-search" type="submit" id="edit-submit-search" value="Search" class="button js-form-submit form-submit"></div></form></div></div><div class="wrapper--1" id="type-ahead-search-result"><div class="search__results"><div class="column__two column__two--3-1"><div class="column region__column"><div class="search__results-group"><div class="region__outer"><h6 class="search__results-title heading--6">REGIONS</h6><ul class="region"></ul></div></div></div><div class="column column--merge-a"><div class="column__two column--merge-a"><div class="search__results-column column articles__column"><h6 class="search__results-title heading--6">Insights</h6><ul class="articles"></ul></div></div></div></div></div></div></div><div class="overlay-content-wrapper" id="marketo-indicator-summary"><span class="overlay__close js-overlay__close"><i class="fas fa-times"></i></span><div class="block-header"><div class="heading--2">Download Indicator Summary</div></div><div class="form-form block-content"><script>MktoForms2.loadForm("//your.fitchsolutions.com", "732-CKH-767", 4068);</script><form data-form-name="Indicator Summary" data-form-type="dynamic" id="mktoForm_4068"> </form></div><div class="form-thankyou"><div class="block-content"><p>Thank you. Your download link will be emailed to you shortly.</p></div></div></div><div class="overlay-content-wrapper" id="marketo-pdf-download"><span class="overlay__close js-overlay__close"><i class="fas fa-times"></i></span><div class="block-header"><div class="heading--2">Download Now</div></div><div class="form-form block-content"><script>MktoForms2.loadForm("//your.fitchsolutions.com", "732-CKH-767", 2051);</script><form data-form-name="White Paper" data-form-type="dynamic" id="mktoForm_2051"> </form></div><div class="form-thankyou"><div class="block-content"><p>Thank you. Your download link will be emailed to you shortly.</p></div></div></div><div id="navigation__about" class="navigation__overlay overlay-content-wrapper active" style="display: none;"><div class="wrapper--1"> <span class="overlay__close"><i class="fas fa-times"></i></span><div class="grid__wrapper grid--column-11 grid--row-1"><div class="grid grid--span-3 grid--as-top ta--left"><div class="grid__content"><div class="heading--1">About Fitch Solutions</div><p> Get to know the business behind the products. Meet some of our key people and explore our credentials.</p></div></div><div class="grid grid--span-8 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub"> <a href="/about-fitch-solutions" target="_self" class="">Who We Are</a></li><li class="navigation__group-sub"> <a href="/news" class="active">Company News</a><div class="menu menu-level--2" style=""><div class="views-element-container"><div class="views-field views-field-nothing"><span class="field-content"><div class="navigation__teaser column__two column--merge-a"><div class="column column--1"><div class="image-wrapper"> <a href="/news/fitch-learning-selected-ciro-new-proficiency-model-partnership-11-11-2024" target="_self"> <img src="" width="187" height="105" alt="" typeof="Image" data-src="/sites/default/files/styles/insight_image_style/public/press/fl-ciro-press-release_1632x918.jpg.webp?VersionId=FRoB5lFDbCtGCnXqWVo3FB0yCpqJI_L9&itok=Sy3Jg45m" loading="lazy"> </a></div></div><div class="column column--2"><div><div class="heading--sub heading--tag">Press Release / <time datetime="2024-11-11T12:00:00Z">Mon 11 Nov, 2024</time></div><h3 class="navigation__teaser--title heading--5"> <a href="/news/fitch-learning-selected-ciro-new-proficiency-model-partnership-11-11-2024" target="_self"></a><a href="/news/fitch-learning-selected-ciro-new-proficiency-model-partnership-11-11-2024" hreflang="en">Fitch Learning Selected by CIRO For New Proficiency Model Partnership</a></h3></div></div></div></span></div><div class="views-field views-field-nothing"><span class="field-content"><div class="navigation__teaser column__two column--merge-a"><div class="column column--1"><div class="image-wrapper"> <a href="/bmi/press-releases/bmi-appoints-cedric-chehab-chief-economist-09-10-2024" target="_self"> <img src="" width="187" height="105" alt="" typeof="Image" data-src="/sites/default/files/styles/insight_image_style/public/page-header/bmi_platform_page_header-1632x918_flare.jpg.webp?VersionId=a0DAbkZX9kECNgKfzVnYl_dzgmxWBrLk&itok=a6yHLkdp" loading="lazy"> </a></div></div><div class="column column--2"><div><div class="heading--sub heading--tag">Press Release / <time datetime="2024-10-09T12:00:00Z">Wed 9 Oct, 2024</time></div><h3 class="navigation__teaser--title heading--5"> <a href="/bmi/press-releases/bmi-appoints-cedric-chehab-chief-economist-09-10-2024" target="_self"></a><a href="/bmi/press-releases/bmi-appoints-cedric-chehab-chief-economist-09-10-2024" hreflang="en">BMI Appoints Cedric Chehab as Chief Economist</a></h3></div></div></div></span></div><div class="views-field views-field-nothing"><span class="field-content"><div class="navigation__teaser column__two column--merge-a"><div class="column column--1"><div class="image-wrapper"> <a href="/bmi/press-releases/bmi-launches-energy-transition-service-monitor-shifting-energy-landscape-global-and-local-levels-22-07-2024" target="_self"> <img src="" width="187" height="105" alt="" typeof="Image" data-src="/sites/default/files/styles/insight_image_style/public/page-header/gettyimages-1401906778-overlay-2_1.jpg.webp?VersionId=.q1PHatisDIx8vcDpNdvRDchYdZnVrBB&itok=H8icK45M" loading="lazy"> </a></div></div><div class="column column--2"><div><div class="heading--sub heading--tag">Press Release / <time datetime="2024-07-22T12:00:00Z">Mon 22 Jul, 2024</time></div><h3 class="navigation__teaser--title heading--5"> <a href="/bmi/press-releases/bmi-launches-energy-transition-service-monitor-shifting-energy-landscape-global-and-local-levels-22-07-2024" target="_self"></a><a href="/bmi/press-releases/bmi-launches-energy-transition-service-monitor-shifting-energy-landscape-global-and-local-levels-22-07-2024" hreflang="en">BMI Launches Energy Transition Service to Monitor the Shifting Energy Landscape at Global and Local Levels</a></h3></div></div></div></span></div></div></div></li><li class="navigation__group-sub"> <a href="https://careers.fitch.group/go/Fitch-Solutions/8973301/" target="_blank">Careers</a></li><li class="navigation__group-sub"> <a href="https://careers.fitch.group/content/Early-Talent/" target="_blank">Early Talent</a></li></ul></div></div></div></div></div><div id="navigation__lookingfor" class="navigation__overlay overlay-content-wrapper"><style type="text/css"> #navigation__lookingfor .navigation__group-sub { width: 100%; } #navigation__lookingfor .navigation__group-sub>a { width: 100%; padding: 1.8rem 2.4rem 1.8rem 1.8rem; display: block; } #navigation__lookingfor .navigation__group-sub:hover, #navigation__lookingfor .navigation__group-sub:focus, #navigation__lookingfor .navigation__group-sub:hover .menu-level--2, #navigation__lookingfor .navigation__group-sub:focus .menu-level--2 { background: #101010b5; } </style><div class="wrapper--1"> <span class="overlay__close"><i class="fas fa-times"></i></span><div class="grid__wrapper grid--column-11 grid--row-1"><div class="grid grid--span-3 grid--as-top ta--left"><div class="grid__content"><div class="heading--1">Looking for</div><p> Know what you need but not sure<br>where to find it? Discover how we can<br>meet your requirements.</p></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub"><a href="/products/countries-regions" target="_self">Countries &<br>Regions</a></li></ul></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub"><a href="/products/industries-sectors" target="_self">Industries &<br>Sectors</a></li></ul></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub"><a href="/products/companies-entities" target="_self">Companies or<br>Entities</a></li></ul></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub"><a href="/products/issues-deals-transactions" target="_self">Issues, Deals &<br>Transactions</a></li></ul></div></div></div></div></div><div id="navigation__products" class="navigation__overlay overlay-content-wrapper"><div class="wrapper--1"> <span class="overlay__close"><i class="fas fa-times"></i></span><div class="grid__wrapper grid--column-11 grid--row-1"><div class="grid grid--span-3 grid--as-top ta--left"><div class="grid__content"><div class="heading--1">Products</div><p> Explore knowledge that cuts through<br>the noise, with award-winning data,<br>research, and tools.</p></div></div><div class="grid grid--span-8 grid--as-top ta--left"><div class="grid__content"><div class="column__five"><div class="column" style="padding: 0 1.2rem;"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="/products/country-risk-and-industry-research">BMI</a><div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="/products/country-risk">Country Risk</a></li><li class="navigation__group-sub--full"><a href="/products/industry-research">Industry Research</a></li><li class="navigation__group-sub--full"><a href="/products/operational-risk">Operational Risk</a></li><li class="navigation__group-sub--full"><a href="/products/custom-research">Advisory</a></li><li class="navigation__group-sub--full"><a href="https://www.geoquant.com" target="_blank"> GeoQuant</a></li></ul></div><div class="column" style="padding: 0 1.2rem;"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="/products/ratings-data-and-research">Fitch Ratings<br>Data & Research</a><div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="/products/credit-ratings">Fitch Credit Ratings Data</a></li><li class="navigation__group-sub--full"><a href="/products/credit-research">Fitch Ratings Credit Research</a></li><li class="navigation__group-sub--full"><a href="/products/fitch-ratings-esg-relevance-scores-data">Fitch Ratings ESG Relevance Scores Data</a></li></ul></div><div class="column" style="padding: 0 1.2rem;"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="/products/fundamental-data-analytics">Fundamental Data<br>& Analytics</a><div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="/products/bank-scorecard">Bank Scorecard</a></li><li class="navigation__group-sub--full"><a href="/products/basel-iii-scra-data">Basel III - SCRA Data</a></li><li class="navigation__group-sub--full"><a href="/products/cds-implied-credit-scores">CDS Implied Credit Scores</a></li><li class="navigation__group-sub--full"><a href="/products/financial-implied-credit-scores">Financial Implied Credit Scores</a></li><li class="navigation__group-sub--full"><a href="/products/fitch-connect-news">Fitch Connect News</a></li><li class="navigation__group-sub--full"><a href="/products/fundamental-data">Fundamental Data</a></li></ul></div><div class="column" style="padding: 0 1.2rem;"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="/products/leveraged-finance-intelligence">Leveraged Finance<br>Intelligence</a><div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="/products/covenant-review">Covenant Review</a></li><li class="navigation__group-sub--full"><a href="/products/levfin-insights">LevFin Insights</a></li><li class="navigation__group-sub--full"><a href="/products/pacermonitor">PacerMonitor</a></li></ul></div><div class="column" style="padding: 0 1.2rem;"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="https://know.creditsights.com/" target="creditsights">CreditSights</a><br> <div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="https://know.creditsights.com/research/" target="creditsights">Research</a></li><li class="navigation__group-sub--full"><a href="https://know.creditsights.com/risk/" target="creditsights">Risk Products</a></li></ul></div></div></div></div></div></div></div><div id="navigation__reportsstore" class="navigation__overlay overlay-content-wrapper"><div class="wrapper--1"> <span class="overlay__close"><i class="fas fa-times"></i></span><div class="grid__wrapper grid--column-11 grid--row-1"><div class="grid grid--span-3 grid--as-top ta--left"><div class="grid__content"><div class="heading--1">Reports Store</div><p> Browse over 2,000 research reports<br>at the <a href="https://store.fitchsolutions.com?utm_source=fitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank" style="color: #fff; text-decoration: underline;">Fitch Solutions Store</a>.</p></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub--full">Country Risk<br>Reports<div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=North%20America&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">North America</a></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=Caribbean&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Caribbean</a></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=Latin%20America&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Latin America</a></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=Europe&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Europe</a></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=Africa&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Africa</a></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=Middle%20East&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Middle East</a></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?region=Asia&type=4303%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Asia</a></li></ul></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub--full">Industry<br>Reports<div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?industry=Autos&type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Autos</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?industry=Consumer%20%26%20Retail&type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Consumer & Retail</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?industry=Infrastructure&type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Infrastructure</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?industry=Oil%20%26%20Gas&type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Oil & Gas</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?industry=Pharmaceuticals%20%26%20Healthcare&type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Pharmaceuticals & Healthcare</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?industry=Telecommunications&type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Telecommunications</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?type=4299%3Futm_source%3Dfitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">More Industries</a></ul></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products?type=Special%20Reports" target="_blank">Special<br>Reports</a><div class="navigation--border"></div></li><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/global-lithium-outlook-trends-risks-and-opportunities-amidst-the-battery-boom" target="_blank">Global Lithium Outlook</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/all-products/worldwide-pharmaceutical-market-forecasts" target="_blank">Worldwide Pharmaceutical Market Forecasts</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/lng-global-industry-trends" target="_blank">LNG: Global Industry Trends</a><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/em-reform-tracker" target="_blank">EM Reform Tracker</a></ul></div></div><div class="grid grid--span-2 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub--full"><a href="https://store.fitchsolutions.com/?utm_source=fitch-solutions&utm_medium=Referral&utm_campaign=Top-Nav" target="_blank">Browse All<br>Reports</a></li></ul></div></div></div></div></div><div class="overlay-content-wrapper" id="marketo-download"><span class="overlay__close js-overlay__close"><i class="fas fa-times"></i></span><div class="block-header"><div class="heading--2">Download Now</div></div><div class="form-form block-content"><script>MktoForms2.loadForm("//your.fitchsolutions.com", "732-CKH-767", 3850);</script><form data-form-name="Content Download" data-form-type="dynamic" id="mktoForm_3850"> </form></div><div class="form-thankyou"><div class="block-content"><p>Thank you. Your download link will be emailed to you shortly.</p></div></div></div><div id="video-what-we-do" class="overlay-content-wrapper"><span class="overlay__close js-overlay__close"><i class="fas fa-times"></i></span><div class="block-header"><div class="heading--2">Fitch Solutions - What We Do</div></div><div class="video"><div class="video__wrapper"><video-js data-account="3714047686001" data-player="default" data-embed="default" controls="" data-video-id="6285768850001" data-playlist-id="" data-application-id="" width="960" height="540"></video-js><script src="https://players.brightcove.net/3714047686001/default_default/index.min.js"></script></div></div></div><div id="navigation__businesses" class="navigation__overlay overlay-content-wrapper"><style type="text/css"> #navigation__businesses .navigation__group-sub { width: 24rem; margin-bottom: 0; }#navigation__businesses .navigation__group-sub>a { width: 100%; padding: 1.8rem 2.4rem 1.8rem 1.8rem; font-weight: var(--bold); text-transform: none; display: block; }#navigation__businesses .navigation__group-sub:hover, #navigation__businesses .navigation__group-sub:focus, #navigation__businesses .navigation__group-sub.active, #navigation__businesses .navigation__group-sub:hover .menu-level--2, #navigation__businesses .navigation__group-sub:focus .menu-level--2, #navigation__businesses .navigation__group-sub.active .menu-level--2 { background: #101010b5; }#navigation__businesses .navigation__group-sub:hover .menu-level--2, #navigation__businesses .navigation__group-sub:focus .menu-level--2, #navigation__businesses .navigation__group-sub.active .menu-level--2 { display: block !important; }#navigation__businesses .menu-level--1 { margin: 0; font-size: 1.5rem; }#navigation__businesses ul.menu-level--2 { column-count: 1; }#navigation__businesses ul.menu-level--2>li { height: 100%; margin-bottom: 0; padding: 0; }#navigation__businesses .menu-level--2 { left: 24rem; width: calc(100% - 24rem); min-height: 100%; margin: 0; display: none; }#navigation__businesses .menu-level--2 li { margin: 0; padding: 0; }#navigation__businesses .menu-level--3 { width: 100%; height: 100%; margin: 0; padding: 0.5rem 0; }#navigation__businesses .menu-level--3 li { padding: 0; }#navigation__businesses .menu-level--3 li a { padding: 1.4rem 1.8rem; display: block; }.key-highlight { position: relative; height: 100%; padding: var(--key-highlight-padding); overflow: hidden; background-color: var(--post-view-more-background); z-index: 1; }.key-highlight.bg--img, .key-highlight[style*="background-color: #174174;"] { color: var(--inverted-text-color); }.key-highlight .heading--1 { width: 66%; margin-bottom: 4.625rem; }.key-highlight .heading--sub { color: inherit; }.key-highlight ol:last-of-type, .key-highlight ul:last-of-type, .key-highlight p:last-of-type { margin-bottom: 0; }.key-highlight *[class|='heading']+.button__wrapper { margin-top: 0; }.key-highlight .button__wrapper { height: 100%; margin-top: var(--spacing-1); display: flex; align-items: flex-end; }.key-highlight .grid__content { display: flex; flex-direction: column; align-items: stretch; }.key-highlight .video { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }.navigation__overlay .key-highlight { min-height: 100%; height: auto; } /* iPad Pro Portrait - iPad Landscape */ @media only screen and (max-width: 1024px) { .key-highlight .heading--1 { width: 84%; } }/* iPad Portrait */ @media only screen and (max-width: 768px) { .key-highlight .heading--1 { width: 100%; } }:root .column__left, :root .column__right { --button-padding: 1.1rem 1.4rem; --button-font-size: 1.4rem; } @media only screen and (max-width: 768px) { #navigation__businesses .grid--span-5 { grid-column: span 11; } /* #navigation__businesses .grid:last-of-type { display: none; } */ } @media only screen and (max-width: 480px) { #navigation__businesses .navigation__group-sub { width: 50%; } #navigation__businesses .menu-level--2 { position: absolute; left: 50%; width: 50%; } } </style><div class="wrapper--1"> <span class="overlay__close"><i class="fas fa-times"></i></span><div class="grid__wrapper grid--column-11 grid--row-1"><div class="grid grid--span-3 grid--as-top ta--left"><div class="grid__content"><div class="heading--1">Businesses</div><p> Explore knowledge that cuts through the noise, with award-winning data, research, and tools.</p><p><strong>Know what you need but can't find it?</strong></p> <a class="button button--login" href="/contact-us">Contact us</a></div></div><div class="grid grid--span-5 grid--as-top ta--left"><div class="grid__content"><ul class="menu menu-level--1"><li class="navigation__group-sub"> <a href="/bmi" target="_self">BMI</a><ul class="menu menu-level--2"><li> <article class="key-highlight" style="background-color: transparent"><div class="grid__content"><h3 class="heading-3">BMI</h3><p>BMI has a 40- year track record of supporting investors, risk managers and strategists. We help them identify opportunities and quantify risks in markets where reliable information is hard to find and difficult to interpret. This includes in-depth insight and data, and high frequency geopolitical risk indicators.</p></div></article></li></ul></li><li class="navigation__group-sub"> <a href="https://know.creditsights.com/" target="_blank">CreditSights</a><ul class="menu menu-level--2"><li> <article class="key-highlight" style="background-color: transparent"><div class="grid__content"><h3 class="heading--3"> <a class="" href="https://know.creditsights.com" target="_blank"> CreditSights </a></h3><p>CreditSights enables credit market participants to manage financial risk better with independent credit research, global market insights, covenant analysis, and news, distilling market noise into actionable investment ideas.</p></div></article></li></ul></li><li class="navigation__group-sub"> <a href="https://www.dv01.co/" target="_blank">dv01</a><ul class="menu menu-level--2"><li> <article class="key-highlight" style="background-color: transparent"><div class="grid__content"><h3 class="heading--3"> <a class="" href="https://www.dv01.co" target="_blank"> dv01 </a></h3><p>dv01 provides true transparency in lending markets, and valuable intelligence on every consumer loan in the structured finance world, through a leading data intelligence platform.</p></div></article></li></ul></li><li class="navigation__group-sub"> <a href="https://www.fitchlearning.com/?utm_source=FitchSolutions&utm_medium=website&utm_campaign=topnav" target="_blank">Fitch Learning</a><ul class="menu menu-level--2"><li> <article class="key-highlight" style="background-color: transparent"><div class="grid__content"><h3 class="heading--3"> <a class="" href="https://www.fitchlearning.com/?utm_source=FitchSolutions&utm_medium=website&utm_campaign=topnav" target="_blank"> Fitch Learning </a></h3><p>Fitch Learning develops the future leaders of the financial services industry and drives collective business performance. We do this by utilizing a best-in-class technology platform and blended learning solutions that maintain the personal element of development.</p></div></article></li></ul></li><li class="navigation__group-sub"> <a href="/credit" target="_self">Fitch Ratings Research<br>& Data</a><ul class="menu menu-level--2"><li> <article class="key-highlight" style="background-color: transparent"><div class="grid__content"><h3 class="heading--3"> <a class="" href="/credit" target="_self">Fitch Ratings Research & Data</a></h3><p>We help credit, risk, and investment professionals make better-informed decisions and meet regulatory requirements, within and beyond the rated universe. We do this by providing differentiated perspectives and in-depth expertise through Fitch Credit Ratings, Fitch Ratings Credit Research, Fundamental Financial Data, and innovative datasets, all backed by transparent methodologies, accessible analysts, and workflow-enhancing analytical tools.</p></div></article></li></ul></li><li class="navigation__group-sub"> <a href="https://www.sustainablefitch.com/" target="_blank">Sustainable Fitch</a><ul class="menu menu-level--2"><li> <article class="key-highlight" style="background-color: transparent"><div class="grid__content"><h3 class="heading--3"> <a class="" href="https://www.sustainablefitch.com/" target="_blank"> Sustainable Fitch </a></h3><p>Sustainable Fitch delivers human-powered sustainability Ratings, Scores & Opinions, as well as Data & Research to serve the needs of fixed income investors. Our specialists uniquely deconstruct the complex issues of E, S, and G globally.</p></div></article></li></ul></li></ul></div></div> <!--<div class="grid grid--span-3 grid--as-top ta--left"><div class="grid__content"> <article class="key-highlight bg--img bg--blend" style="background-image: url('https://static-fso-fgmar-gue.fitchsolutions.com/s3fs-public/background-image/gettyimages-1131261684_1.jpg'); background-color: rgba(136,136,136,0.5); "><div class="grid__content"><div class="heading--sub">Featured</div><h3 class="heading--3"><a href="/products/fitch-ratings-esg-relevance-scores-data" target="_self"> ESG Relevance<br>Scores Data </a></h3><p> Access ESG Scores on more than 10,000 entities and transactions, and over 140,000 ESG data points to support your credit risk assessments.</p><div class="button__wrapper column__left"> <a class="button button--2" href="/products/fitch-ratings-esg-relevance-scores-data" target="_self" data-url="">Learn More</a></div></div> </article></div></div> --></div></div></div><div class="overlay-content-wrapper" id="clearbit-form"><span class="overlay__close js-overlay__close"><i class="fas fa-times"></i></span><div class="block-header"><div class="heading--2">Clearbit Form</div></div><div class="form-form block-content"><script>MktoForms2.loadForm("//your.fitchsolutions.com", "732-CKH-767", 6057);</script><form data-form-name="Clearbit Form" data-form-type="dynamic" id="mktoForm_6057"> </form></div><div class="form-thankyou"><div class="block-content"><p>Thank you. Your download link will be emailed to you shortly.</p></div></div></div></div><script src="/sites/default/files/js/optimized/js_w0iO3No0CsyHgJmryEbhwpkh5zx6m6dhvawBt4ufwyA.RH5EDnu6ZGVA72GVYzQizLpnpYdrZM9Um9eZzlyDTls.js?VersionId=zkiOhADipiUuCmhuWrlVeVVxzzUz2.3G?v=1.0.1"></script><script src="/sites/default/files/js/optimized/js_WmhavmnC0K35xZ9vLX51qtRqFT74puvZXIMWnNUYpbM.8VfJ-FlP-9BtF1PdzrrWn1KJoEkEPdLAvOPZFTq7Y_o.js?VersionId=MOs3wtlNEvUG0EABT1MvCiUFqq9ODfMr?v=6.2.0"></script><script src="/sites/default/files/js/optimized/js_wYBx55INiGyEL6Q2puJyvmCUfNw_uJgcru93PGnG8vE.77yAa16p65gSoPniCpYNB_6S_mGeHiR0veCyPQgkLBo.js?VersionId=sJZXIFr9FNEAKc.46lAlTykWPQq8ZSMk?v=1.x"></script><script src="/sites/default/files/js/optimized/js_esSadpUy_K9rjTZGeDWovZzjH1se9-EdiAq6mcHpMGM.TMOJRgLbzm2lvTkBcek4uD5XlZqArlELV7qsqx7QEhE.js?VersionId=xvuYft9lDTKkRocD7FrLb1jyyufpoBMA?smu22r"></script><script src="/sites/default/files/js/optimized/js_c0TBkqXHdEPmNR2ZgQ-OZ_od9APJqBJH26XvdVXxgn8.Gum2KsSnIpV-ilDvU75Cf0o_GPtdGe7qBrADEsNTASw.js?VersionId=VLIkxf1adAfeyOp6ZWKllH0p17_shwkB?v=1.x"></script><script src="/sites/default/files/js/optimized/js_dFhAcbN_xeEyD9jD3rdCAsz-eM5v0gQU6tGemVDA2rY.9KaOPlyHkWdObeeABEx4BqorzwTd6GozEvY3ghi2rRE.js?VersionId=iN4L9vFVH2ltGEQVdJuOgFZy0eg2qD._?v=1.x"></script><script src="/sites/default/files/js/optimized/js_irqAaWgPbmyfR2bSDoqWIXcdMWb7-zCT9emkmVtDg8c.jfkvSN1gZJ8WzQHMsHGKCFnOYDScvL3t8dV5Hx4HT9w.js?VersionId=j3IO43GCZkYZix6Fz0Ag.zKgxyN6.6d.?v=1.x"></script><script src="/sites/default/files/js/optimized/js_XbkLFHAtXkmsgAeRB-RTU2ekPKnB0ruffQRZQ0WSud0.4EMT1wvQKfUFYWQIJ8MVjU2HknXpretYye6GLgVrdYc.js?VersionId=BwK8L9T3DqBAdcRdh3h1XWqpX5zdm2gq?v=1.x"></script><script src="/sites/default/files/js/optimized/js_aTshI7PG0qMmAMV02_ujsALfLptmxcsVw-D--6E0qRQ.aFeXY4M6rNBehHYDne4n_Y8rM1RLC-atj-H9am8Pk0Q.js?VersionId=X0H3GH4X5Ey3aSAp5npROvOsfNME2Uii?v=1.x"></script><script src="/sites/default/files/js/optimized/js_spbvC56OIO0ignOPRe9i0hvFFXs_d16wjeV6sFZqFfQ.GQlydvVzixLJWVgQzDyn8wEh52saFwq0cKAjmay6Mmw.js?VersionId=l8NnSNpf9WnJFXOtzRF3mtInqhqK4k8.?v=1.x"></script><script src="/sites/default/files/js/optimized/js_sqKmjcuNsx-KZd5MSwqvnFE9pm16ol2nLEkgTtZsS_g.3cDh1aPI_V4W8vC140jP5AeHMcz83ZZMRCtXWGAHm3E.js?VersionId=yeWCB2_3f_6c0VkHg6UaYhC6EB.z3Gny?v=1.x"></script><script src="/sites/default/files/js/optimized/js_vkFVKDsMdA2XtjlgJxn46EivsV1jBrA6aL905Mt1lJ8.C8Yp8nL6Huy4c-5jpyUMAbJo7Aozf6ucCgfagcUL8gY.js?VersionId=BQmvlohTV_wlRhpyh_HTFVQZGAUCkQeu?v=1.x"></script><script src="/sites/default/files/js/optimized/js_keFAMr3EXfTIMWh5R8toG-Ww0Tgh7dXCdJfYKWSUiak.RitDbt6MKwc6U4bnpqcDsqUIK20IBqRuZc_LFe_RIVg.js?VersionId=0GDExTnJVOud.W6XqvitoGd02AMg2700?v=1.x"></script><script src="/sites/default/files/js/optimized/js_yI5_kaH3h7vRjm28gQ41gKZIO_c-XrsU5jbjZ1ue6Kg.Bvn0ThFKWgVHL7FVky3ItH3aGNJpkHd71c3BhOdfXj4.js?VersionId=0LHHsssqfVFw3xduuzn67szPPBhj9scd?v=1.x"></script><script src="/sites/default/files/js/optimized/js_Xg31otqom_ERynLOA1goc7asu6AOLUGtzP5w07ovQLw.CscVTT47v0x102n45J-IoVBWCxFzOQbiAtuuutW62KY.js?VersionId=idAnlPUvP.Dwfa6eiCMFEn2r0yz.y5Do?v=1.x"></script><script src="/sites/default/files/js/optimized/js_NwtmccO76PQQeP2_BosbGWrY4XGj7kxwpRD6t2Hfbns.KW_exkPalPguwAD-Jurjh-aEhPcLh1hVCN9OKhJ0c8A.js?VersionId=9hjO6BySf7y_a_N41.LMlEM.5JHqnH.6?v=1.x"></script><script src="/sites/default/files/js/optimized/js_5lyEgtuYzFbknt789sXbvgY6WOEBhn68zCRaGR5wIJc.MQKCpx2n7AxMFx4hQPLG-d2slap1Rcs7g77BQn0Bu60.js?VersionId=eu4uOS1k7iOyF9K6Pi.e2FLZvQCypaY1?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_1woVuTYaOTc9db19BvtYERQ-r3zrWbaX8Iy9t_Z2qoM.nveJTmXW_-2XqlcIQVMoqzLUZqctxqeLnWofFRIu9YE.js?VersionId=xTL2lX40oxHi5GrRsoqMxIVxS3MOA_Rr?v=4.2.0"></script><script src="/sites/default/files/js/optimized/js_mjv4qhOv2_1-EQeYpZwvWqHcMokP3Cu36uHh9tRNXFY.Gg3WlLlFP4gKiB49HtP0lv_jBu8pzvC_Fdm9UNwlnQ0.js?VersionId=mAjnKIM1CybkS4ihGMJL2YRkLBSCBCtR?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_ezwJb8QjKN82W11Y2widYXtFt5DfOo-fgZxIg_9sAik.FKv_XgXqNI6wzLM1yiMBPEatjWfMj0rB3-DOB2hqHos.js?VersionId=4oiUi2IGPJW_ttdSCeeXknekl9nK47Ib?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_G8podNJjOsxKvo_RVe4-f79_ME43boCp5OhhwF87kOc.vxhITiwYrFcTDp26IZTtodxPXTvFveG2EXcK0kc1Wds.js?VersionId=vZaqNJCFZTVkDiD94XqLSOZv6ukS1b2J?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_RpLV1j1SEgkAOBNxIxvzKXRlefOlhPa03lpGt46bJEg.Pj8NUCIyRGHu2cgR-T5YCzRkOLl12Khtic98S_W_ddE.js?VersionId=olclyCpHZ9Avi5YVFrwX899BbKH1fqjn?v=10.2.4"></script><script src="/sites/default/files/js/optimized/js_2ipuveIGHhVaZ2BiD48CqkPnB6VAo6_c8bTtqTdsCXQ.knWmGT0ZHaKtrfMw9PLF7mneowkBwerVeqROnS3mKFY.js?VersionId=_cXZDlKV7dJi8bC1yDfWXJ9RAXD3eSIg?v=1.x"></script><script src="/sites/default/files/js/optimized/js_4kmAomx-qoIvjwVS8GkSffwEUpEja94HQhfwq5hd3d0.fPF7bBTegZvy04GkBe5cUx3v0NvfZJh0Z7dwaH9nnqw.js?VersionId=W2ywIdfsNhoVmZt35lTo7o6OcA_L2A_f?v=1.x"></script></drupal-big-pipe-scripts-bottom-marker></drupal-big-pipe-scripts-bottom-marker> <!-- // --><script type="text/javascript" data-sitespect="true"> <!-- setTimeout(function() { var xhr = new XMLHttpRequest(); xhr.open( 'GET', '/__ssobj/ard.png?7440610895660588540_1-2-'+(4007679*432+1084896)+'&n=1', true ); xhr.send(); }, 500); //--> <!-- // --></script> </body></html>