Fitch Group Successfully Completes Algorithmics Acquisition

New York - Fitch Group - January 25, 2005 - Fitch Group, Inc., a Fimalac SA company, has closed its acquisition of Toronto-based risk management firm Algorithmics. The terms of the transaction are the same as those announced at the time of the signature of the definitive acquisition agreement in mid December 2004. The acquisition price is US$175 million. Algorithmics provides financial institutions with advanced enterprise risk management solutions that help them better measure and manage their financial risk.

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