Fitch said the acquisition strengthens its position as one of the three major international rating agencies as well as its international banking coverage. Now, all outstanding ratings from Fitch and Thomson BankWatch are being combined into a single set to be maintained by Fitch. Fitch Ratings India is the only international credit rating agency in India, while its parent rates entities in 75 countries via 27 local offices worldwide.

It works with the combined strength of Duff & Phelps, Fitch IBCA and Thomson Bankwatch. Some of its major clients are Wipro, Britannia Industries, Ashok Leyland, Ford India, Gujarat Ambuja Cement, IDBI and IFCI.