Fitch Ratings and CRU Group Renew Commitment to Strategic Agreement

Fitch Ratings and CRU Group have renewed their commitment to their existing strategic agreement, under which CRU's metals, mining and fertilizer market data and analytics continues to be incorporated into Fitch's industry research and credit analysis. The combined research applies to all Fitch-rated issuers in the sector.

The partnership between Fitch and CRU commenced in 2017 and has successfully provided investors with enhanced analytical insight into key rating drivers, individual and industry cost dynamics, as well as direct contact with CRU and Fitch's global team of analysts.

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 continued inclusion of CRU's detailed assessments of prices and costs will help to further differentiate our offering from our competitors."

David Trafford, Chief Executive Officer, CRU Group, said: "The natural resources sector is going through a period of unprecedented change. The combination of Fitch and CRU's analytics and data has provided investors with powerful insights on which to base their risk and investment decisions."

Notes to Editors:

About Fitch Ratings: 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. The additional context, perspective and insights we provide help investors to make important credit judgment with confidence.

About CRU Group: CRU specialises in mining, metal and fertilizer commodities and is the premier source of data, analytics and insights for sector pricing, benchmarking, forecasting and business decisions.

Contact:

Fitch Ratings Media Contact
Adrian Simpson
+44 20 3530 1010
adrian.simpson@thefitchgroup.com

Fitch Ratings Ltd,
30 North Colonnade,
London, E14 5GN

CRU Media Contact
Anthony Shewell
anthony.shewell@fininternational.com