Credit Analyst (Associate Director) - International Public Finance

Fitch Ratings is currently seeking a Credit Analyst (Associate Director) based out of our London office.   As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products.

Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.  At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization.

With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

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About the Team:

The International Public Finance team (IPF) is responsible for assigning and maintaining international credit ratings on public entities and their debt issues. The Group is split into broad geographic regions: APAC, EMEA, North America and  EMEA, a strong portfolio of public ratings of sub-national entities is maintained, split between local and regional governments (LRGs) and policy-mission government related entities (GREs), such as key state-owned holding companies, railways and development lenders.

This is a dynamic team with deep knowledge of Fitch-rated subnational public entities in emerging markets in the EMEA region, as well as broader credit trends, and it produces high-quality research and rating reports complementing the ratings.

The role will concentrate on, but will not be limited to, a portfolio of LRGs and GREs in emerging market countries in the EMEA region (focusing on CIS+ and Türkiye). It contributes to Fitch’s franchise maintenance and development in the region by broadening credit research and expanding issuer ratings coverage. This position reports to the IPF team head, based in either Frankfurt or Warsaw.

The role requires occasional travel, primarily within the EMEA region.

How You’ll Make an Impact:  Conduct in-depth credit analysis of public entities (LRGs and GREs), including evaluating financial statements, budget execution reports and other relevant qualitative and quantitative information.

Monitor a portfolio of credit ratings; prepare and present credit views, recommendations, and rationales at rating committees; and contribute to the timely and accurate preparation of rating reports for credits under your primary analyst coverage.

Actively contribute to the drafting of research reports, providing analytical insights into key credit issues and trends.

Monitor and interpret developments in the public finance sector, including regulatory changes, macroeconomic trends, and market dynamics, and assess their credit implications.

Participate in and contribute to regular credit review meetings with issuers’ senior management for credits under your primary and secondary analyst coverage.

Support the team with analysis, ad-hoc tasks and other research initiatives and related duties.

You May be a Good Fit if:
Have 3–6 years of experience in credit analysis, corporate or financial institutions analysis, or a related area within advisory, ratings, banking, investment research, or financial services.

The role will involve coverage of the portfolio in the CIS+ countries and Türkiye. Therefore, you must have…