Credit Analyst
Dual-headquartered in New York and London with 50 offices worldwide, Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data. Offering a world of knowledge and experience behind every opinion, we transform information to deliver meaning and utility to investors, issuers and other market participants. Fitch Ratings’ global expertise draws on local market knowledge and spans across the fixed-income universe. The additional context, perspective and insights we provide help investors make important credit judgments with confidence.
Fitch Solutions is committed to delivering value beyond the rating by providing a range of fixed-income products and professional development services to the global financial community. In addition to offering proprietary content, the firm also distributes the ratings, research, financial data and analytical tools of Fitch Ratings. With innovation and experience behind every product and service, Fitch Solutions' flexible offerings are designed to meet the diverse needs of the credit markets. Fitch Ratings and Fitch Solutions are part of the Fitch Group, a jointly-owned subsidiary of Fimalac, S.A. and Hearst Corporation.
Department Overview:
The European Leveraged Finance Group is responsible for the analysis of approximately 250-300 private credit opinions on European leveraged credits as well as a variety of public high yield ratings across a range of sectors, working in tandem with sector-specialised colleagues in the European Corporates group. The ELFG also publishes widely-read periodic and ad hoc research and commentary on the European leveraged markets and presents regularly at conferences and on tours to the European leveraged credit banking, issuer and investor communities.
Job Description:
Fitch’s leading position in the European leveraged loan market means that the agency’s rated universe in this market continues to grow rapidly, with many of the ratings assigned being used by CDO asset managers.
The Group’s focus on the evolving and challenging leveraged credit markets in Europe makes this an extremely dynamic environment in which to work, requiring regular and effective dialogues with other Fitch departments, including Structured Finance and Corporate Sectors, as well as an ability to communicate effectively with issuers, investors, bankers, journalists and other professionals.
Reporting to the team head, the successful candidate will contribute to the Group’s activities in the leveraged/sub-investment grade rating arena across both public and private ratings as well as private credit opinions, covering the full range of debt products, including senior secured loans, mezzanine debt and high yield bonds.
Principal responsibilities will include preparing analytical reports on individual leveraged credits and presenting rating recommendations to our internal rating committees, as well as contributing to the Group’s on-going statistical data and research publication activities.
Person Specification:
- The ideal candidate will have substantial relevant analytical experience with strong credit skills.
- The successful candidate will be expected to have had exposure to the European leveraged credit markets in an analytical role.
- The successful candidate will have strong written and verbal communication skills and the ability to manage internal and external relationships effectively.
- The successful candidate will have extremely strong numeracy skills and experience with financial models, forecasting and sensitivity analysis.
- Familiarity with legal documentation and structures as well as fluency in another European language, in particular Swedish, Norwegian, German or Spanish is beneficial.
- The successful candidate will need to integrate quickly into the ELFG, rapidly assimilating our methodological approach to credit ratings.
Application:
To apply please submit a cover letter and most recent CV, including any remuneration details, via the enclosed links.
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