Fitch Ratings has launched a new brand for its existing National ratings business in India: 'India Ratings & Research Pvt. Ltd' (India Ratings). As part of this announcement, National ratings in India will no longer be assigned under the Fitch Ratings name, and all Indian National-scale ratings previously assigned by Fitch Ratings have been transferred to India Ratings. International ratings of Indian banks, corporate and other entities will continue to be assigned under the Fitch Ratings brand and reflect Fitch's global policies and procedures.
Atul Joshi, Managing Director and CEO of Fitch Ratings India, will serve in the same role heading up India Ratings.
Joshi remarked, "By clearly separating the branding of each business we can continue delivering global standard, International ratings under the Fitch brand, while India Ratings can focus on the needs of domestic ratings users and regulators.”
Brett Hemsley, Head, Asia-Pacific operations, Fitch said, "We believe issuers, investors and other market participants will benefit from this move as it will sharpen the focus of the group's analytical coverage and increase transparency.”
