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Toronto, Canada - November 17, 2005 -

Algorithmics Incorporated today announced at its Algo Capital and Credit Forum in New York, a number of enhancements to be delivered to banks subscribing to its North American Loan Loss Database. Delivered by Algorithmics' Algo Credit Data Services team, the North American Loan Loss Database provides research, analytics and detailed, empirical commercial loan data pooled from leading market participants. Established in 1992, the North American Loan Loss Database is complemented by the company's recently announced role as the risk data services and analytics provider for the Pan-European Credit Data Consortium (PECDC), the first cross-border industry data pooling initiative for credit risk that provides Basel II compliance assistance to its members.

Based on award-winning Algo Suite technology, the enhanced offering includes expanded analytics and asset class coverage delivered via a dedicated, secure internet portal. In addition to commercial loan exposures to large corporates and small-medium enterprises, the service now also covers banks and specialized lending, including commercial real estate. An online data validation, mapping and collection facility provides unparalleled levels of data quality, throughput and availability. A methodology group, comprised of contributing banks' representatives and hosted by Algo Credit Data Services, will ensure the service content is driven 'by banks for banks.'

"The data, research and analysis we provide our clients is uniquely transparent and directly in response to their requirements concerning advanced credit portfolio management, economic capital, pricing and liquidity, and of course, Basel II," said Craig Van Ness, Senior Vice President responsible for Algo Credit Data Services. "The enhancements announced today are the result of a major investment programme in staff, methodology and technology. Algo Credit Data Services provides a new industry standard for collecting, normalizing and aggregating empirical credit exposure data for advanced credit portfolio management."

About Algo Credit Data Services
Algo Credit Data Services is the most reliable, accurate and cost-effective way to create the empirical data sets required to estimate risk components for advanced credit portfolio management. Subscribers have exclusive access to research, analytics and inter-bank databases containing detailed commercial loan migration, default, loss and recovery observations covering all Basel II commercial exposure types. Information is pooled from the leading financial institutions in North America and Europe.

About Algorithmics
Founded in 1989, Algorithmics is a recognized leader in enterprise risk management. Following its acquisition by the Fitch Group in January 2005, Algorithmics is the world's leading provider of enterprise risk management solutions and services that enable financial institutions to effectively understand and manage their financial risk. Algorithmics has over 200 clients, including more than 60 of the 100 largest financial institutions in the world. Algorithmics was recently recognized as the dominant enterprise risk solution provider in market, credit and operational risk in Risk Magazine's 2004 Technology Rankings.

About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a wholly owned subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

© 2005 ALGO, ALGORITHMICS, AI & design, MARK-TO-FUTURE, ALGO CAPITAL, ALGO COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO RISK, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

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