Fitch Ratings reviews

Hard to believe the good reviews on Glassdoor are not plants by management to make things look better to the outside than they actually are. Morale is very low> Even long-timers are frustrated. Too bureaucratic, condescending management. Employees are commodities (whoops another one is quitting - who we will replace). Actual work is not hard, but complicated by constant changing of arbitrary rules. Recommend working here only as a last option.

The environment in US Corporate Ratings has declined dramatically over the past few years, attributable to changes in the management team a couple years ago. There is a small "in crowd" and then everyone else (referred to in previous reviews). There have been increased pressures in the everyday working environment and more challenges within the ratings process. For example: the leverage finance business is supposedly an avenue for growth, but proper resources have not been allocated to the business which has led to shortcuts, mistakes in the analytic process and significant business challenges. Some of the corporate rating committees have become forums for senior people to bully analysts and settle scores. Turnover is very high. The most egregious has been in the retail/consumer group which has had more than 50% turnover within the past 6 months (a repeat of what had happened just a couple years earlier), but there has been turnover throughout the US Corporates business: TMT, Healthcare, Energy/Utilities, Industrials etc. within the same time period. Given the high turnover, it is hard to reconcile any positive Glassdoor reviews coming from US Corporate Ratings with this reality. Realize other areas of Fitch may be operating satisfactorily, but the US Corporate Ratings area needs improvement.