Fitch Group is acquiring independent credit research provider CreditSights in a move to expand its debt market research coverage. Financial details of the deal were not disclosed.

Following the closing, which is subject to regulatory approvals and other customary conditions, CreditSights will become part of the Fitch Solutions division, which seeks to further expand its research coverage of investment grade, leveraged and distressed debt markets.

Fitch Solutions is a provider of credit and macro intelligence, and the primary partner of Fitch Ratings in the distribution of its ratings-related content.

Founded in 2000, CreditSights provides subscription-based, independent credit research, risk tools and comprehensive market insights to finance professionals worldwide. Headquartered in New York, with offices in London, Singapore and Denver, the company has over 200 full-time employees.

Covering more than 1,200 issuers, CreditSights helps financial market participants make better informed decisions on investments, asset allocation, trading and risk management.

Fitch Group will add CreditSights’ credit research to a suite of products that includes legal analyses and fixed-income news offered by Fitch Solutions Leveraged Finance Intelligence through its Covenant Review, Capital Structure, LevFin Insights and PacerMonitor brands, as well as the credit ratings and research from Fitch Ratings.

DC Advisory served as financial adviser to CreditSights on this transaction.