Algorithmics Recognized Among Canada's Top 100 Employers

Toronto, Canada - October 18, 2005 -

Algorithmics Incorporated, a world leader in enterprise risk management solutions, today announced that for the fifth consecutive year Algorithmics has been recognized by Mediacorp Canada Inc. and Maclean's magazine as one of Canada's Top 100 Employers. Algorithmics was also acknowledged within the survey as one of the ten best employers for young people.

The Top 100 Employers list is compiled annually by Mediacorp Canada Inc. and Maclean's and profiles organizations that are the leaders in their fields in attracting and retaining high quality employees. Mediacorp grades organizations in seven areas, including: physical workplace; work atmosphere and social; health, financial and family benefits; vacation and time off; employee communications; performance management; and training and skills development.

"We are proud to be recognized as a one of Canada's Top 100 Employers for the fifth consecutive year," said Michael Zerbs, President and Chief Operating Officer at Algorithmics. "Our unique culture and employee programs have played an important role attracting and maintaining the excellent talent that has enabled our global industry leadership."

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. www.algorithmics.com

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.

Press Contact

Heather Smith
Senior Communications Manager
Tel:  +44 (0)20 7392 5820
Mobile: +44 (0) 7515 974 223
Fax: +44 (0)20 7395 5701
email: Heather.Smith@algorithmics.com