SA / AD - Corporates, Infrastructure and Project Finance - Complex Credits Group - Barcelona

Senior Analyst / Associate Director - Corporate, Infrastructure and Project Finance – Complex Credits Group (CCG) - Barcelona

Fitch Ratings is currently seeking a Senior Analyst / Associate Director based out of our Barcelona office.

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst. At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you’ll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

About the Team

The Corporate Infrastructure and Project Finance Group (GIG) covers approximately 700 credits primarily across transportation (airports, toll roads, seaports and rail), energy (thermal and renewable power, oil & gas and transmission), social infrastructure, sports facilities and UK whole business securitization. The group comprises approximately 80 analysts, based in Fitch’s offices in New York, Chicago, San Francisco, Austin, Toronto, London, Paris, Milan, Sao Paulo, Bogotá, Monterrey, Ciudad del México, and Sydney. The GIG North America group covers over 300 public and private issuers in the US and Canada. 

What We Offer

• This role will have the opportunity to take a lead role analyzing cutting-edge infrastructure transactions and be part of a growing credit team in the ever-evolving infrastructure space.
• An exciting time to work in the sector as significant investments in the infrastructure space are resulting in a diversity of new and interesting projects to work on.
• The position has high global visibility and solid growth potential. The role will have exposure to both GIG in the Americas and across EMEA and the successful candidate will interact with senior analytical members across the different regions.

We’ll Count on You To

• Work on ratings analysis and research on new and existing transactions.
• Evaluate innovative credit structures and participate in global rating criteria development.
• Identify and research relevant trends, assessing their credit impact and highlighting these trends in updated industry and market focused reports/presentations.
• Gather and analyze quantitative and qualitative data and legal documents for the purpose of producing ratings, publishing credit reports, and contributing to special research reports.
• Interact with other Fitch analytical groups (i.e. Corporates and Structured) to help develop rating approaches and criteria to bespoke projects
• In conjunction with senior members of the team, the candidate will meet with senior management of entities and/or project sponsors, investment bankers and financial advisors, to produce these ratings and reports for general publication
• Maintain a strong external network and profile that continues to build Fitch's reputation for analytical excellence by representing Fitch in a compelling and persuasive manner at industry conferences, webinars, issuer meetings/site visits and through media communication.
• Develop and grow strong relationships with the other analytical groups at Fitch to ensure analytical consistency and efficient execution of transactions that involve multiple groups.

What You Need to Have

• Bachelor's degree at minimum, advanced degree a plus;
• 3-7+ years relevant experience in a capital markets and/or credit analysis role;
• A healthy sense of intellectual curiosity and a life-long learning mindset;
• A demonstrated willingness and ability to attack and explain topics of analytical complexity;
• Strong analytical, quantitative, and organizational skills;
• Excellent written and verbal communication skills;
• Excellent modelling skills and thorough familiarity with spreadsheet-based financial models.
• Ability to read and fully comprehend complex structures and to ask probing questions to issuers and their advisers.
• Ability to shift fluidly between multiple projects as priorities change;
• Ability to excel in a team-oriented environment.

What Would Make You Stand Out

Previous experience covering the infrastructure or project finance sectors and focusing on credit whether on the buy-side, sell-side, a credit department at a bank, or another rating agency.

The ability to effectively and constructively challenge existing mindsets to assist the group in formulating innovative rating approaches on complex credits, sectors, or topics.

Why Choose Fitch:  

• Hybrid Work Environment: 3 days a week in office required  

• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity 

• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals 

• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing 

• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively 

• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe 

• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community 

At Fitch, AI is embedded in how we work every day—supporting smarter decision-making, streamlining workflows, and enabling new ways to create value for our business and clients. Intelligent solutions are increasingly part of our day-to-day operations, helping teams work more efficiently and think differently as we continue to evolve. We’re looking for colleagues who are comfortable operating in an AI-enabled environment—or who are curious, adaptable, and eager to build their AI literacy over time. We value professionals who embrace technology as part of continuous learning and who are committed to using it thoughtfully to enhance how work gets done.

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