Fitch and CRU Group today announced an expansion of the existing strategic agreement, under which CRU’s metals and mining market expertise is incorporated into Fitch’s industry research and credit analysis, to include the fertilizer markets. The combined research applies to all Fitch-rated issuers in the fertilizer sector.
Fitch and CRU commenced the partnership in October 2017 focused on metals and mining. The initiative aimed to provide investors with enhanced analytical insight into key rating drivers, individual and industry cost dynamics, as well as direct contact with CRU’s global team of analysts – a combined service superior to contemporary market offerings. The decision to expand the offering to include fertilizers follows a very positive reception from market participants in the metals and mining sector. The additional insights provided by the combination of Fitch and CRU’s analytics and data has provided investors with a more comprehensive platform on which to base their investment decisions and to price risk.
Ian Linnell, President of Fitch Ratings, said: “We are delighted with the progress made since we entered into this partnership and with the positive reaction we’ve seen from end users of our ratings and research. We pride ourselves on the quality and transparency of our analysis and the inclusion of CRU’s detailed assessments of prices and costs for the fertilizer sector will help to further differentiate our offering from our competitors.”
David Trafford, Chief Executive Officer, CRU Group, said: “Expanding our strategic agreement with Fitch by incorporating CRU's Fertilizer analysis is testament to the success of our partnership in the metals and mining sector. Our shared values and commitment to providing business intelligence will benefit all our customers in the fertilizer markets.
Fitch Ratings and CRU share a similar approach to how they deliver world-class analysis. Both firms are committed to independent analysis and transparency, have highly experienced analytical teams around the world, and understand the importance of enhancing knowledge through direct engagement with the market.
Rating reports incorporating CRU content can be accessed via Fitch’s dedicated web pages. They are also offered as part of a regular Fitch subscription.
CRU specialises in mining, metal and fertilizer commodities, delivering global business intelligence through analysis, prices, consulting and events. CRU has over 290 employees in 11 locations worldwide.
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise.