International credit rating agency Fitch Ratings has been breaking into the duopoly held by Standard & Poor's and Moody's Investors Services in recent years. The agency now has 1400 employees in 50 locations, nine of which are in Asia. These include wholly owned subsidiaries, JVs and equity participations. FinanceAsia.com talks to Peter Jordan, Group Managing Director and David Marshall, Managing Director, Financial Institutions Asia about Fitch's strategies for Asia and the themes that are affecting their rating decisions.