Similar to the Fitch credit rating scale, Fitch AMR assigns ratings to asset management organizations (AMOs). The rating methodology, intrinsic rating and performance rating, assesses the level of security an asset manager can provide to an institutional investor and evaluates the added value an asset manager can provide to an institutional investor respectively. The former focuses on structure, independence, communication, and risk management; the latter looks closely at the investment team, investment process, technical resources, performance, and associated risks.