IBM agreed to acquire risk analytics firm Algorithmics for an estimated $387 million.

Algorithmics is a member of Fitch Group, which is majority owned by Fimalac, a holding company based in Paris, France. Fitch Group owns Fitch Ratings, one of the three Nationally Recognized Statistical Rating Organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's.

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