FIMALAC is a French credit rating

Credit rating

A credit rating evaluates the credit worthiness of an issuer of specific types of debt, specifically, debt issued by a business enterprise such as a corporation or a government. It is an evaluation made by a credit rating agency of the debt issuers likelihood of default. Credit ratings are...

 and risk management

Risk management

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...

 corporation

Corporation

A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

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Biography

FIMALAC was created by Marc Ladreit de Lacharrière in 1991. He serves as the CEO, and holds 100% of the shares of the Fimalac Group, that holds ~80% of Fimalac.Organizational chart of the Fimalac Group It is headquartered in Paris. It operates in the United States, Canada, the United Kingdom, France and other members of the European Union

European Union

The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

, Asia, and South America.

In 2005, it acquired Algorithmics Inc.

Algorithmics Inc.

Algorithmics is a Toronto, Ontario based company founded by Ron Dembo that provides risk management software to financial institutions. Founded in 1989, Algorithmics employs over 850 people in 23 global offices, and serves more than 350 clients, including 25 of the 30 largest banks in the world,...

. In 2011, it acquired 40% of Groupe Lucien Barrière

Groupe Lucien Barrière

Groupe Lucien Barrière is the casino market leader in France and in Switzerland as well as a major player on the European market. The Group is also a benchmark in the French luxury hotel industry and is highly reputed in the catering and leisure industries....

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