Job Description

About This Role

Fitch Ratings India is hiring fresher Associate Analysts for its Financial Institutions and Corporate ratings teams. Fitch is one of the world's three major credit rating agencies. India-based analysts assess the creditworthiness of Indian banks, NBFCs, and corporate issuers — their credit ratings determine how billions of dollars in Indian bonds and structured securities are priced in global debt markets. This role combines credit analysis, equity research, and financial modelling.

Key Responsibilities

Conduct credit analysis of Indian financial institutions (banks, NBFCs, insurance companies) and corporates (infrastructure, chemicals, consumer)
Build financial models for rated entities: asset quality analysis, capital adequacy (CRAR), liquidity ratios, and earnings projections
Assess equity market signals: credit default swap (CDS) spreads, bond yields, and stock price correlation with credit risk
Write credit rating reports, outlook changes, and rating action commentaries published by Fitch globally
Present analytical findings at Fitch's internal rating committees with sector heads and MD-level analysts
Monitor rated entities: quarterly earnings reviews, regulatory changes, and credit-negative events

Requirements & Skills

MBA (Finance) or CA/CFA Level I from a recognised institution (2025/2026 batch)
Strong financial analysis skills: credit assessment, ratio analysis, and financial statement interpretation
Understanding of Indian banking sector, NBFC landscape, and RBI prudential regulations
Good written English for credit rating report writing
CFA or FRM pursuit is strongly encouraged at Fitch

Benefits & Work Conditions

Competitive salary with Fitch annual bonus
Fitch's structured Associate Analyst development programme
CFA and FRM certification support funded by Fitch
Hybrid work with Fitch's Mumbai and Bengaluru offices
Unique exposure to credit markets, bond pricing, and regulatory analysis for Indian financial institutions

About the Company

Fitch Ratings is one of the world's three major credit rating agencies, with $1.2 billion+ in revenue and 5,000+ employees in 30+ countries. Fitch India, with offices in Mumbai and Bengaluru, rates Indian banks, corporates, and structured finance products — providing credit ratings used by global bond investors allocating capital to India's $1.3 trillion corporate debt market.