New Delhi, Aug 24: Duff & Phelps Credit Rating India will now be known as FITCH Ratings India Private Ltd. The rating agency has obtained approval from Department of Company Affairs (DCA) and Registrar of Companies (RoC) to register in the new name.The two foreign rating agencies recently decided to merge operations, resulting in a single entity by the name of FITCH.
"With FITCH holding a 33 per cent stake in Duff & Phelps Credit India, theboard of directors resolved to change the name of the company to FITCH Ratings India," a company release in New Delhi on Thursday. Following the merger, it is expected that FITCH will bring its rating expertise of banks, financial institutions and structured finance. The company has rated financial instruments of companies including Wipro, Mahindra & Mahindra, GE Caps, Britannia Industries, Ford MotorIndia, Ashok Leyland, Hyundai Motors India and State Bank of India Gilts.
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