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Rohit Sawhney Named as CEO of India Ratings and Research

Rohit Sawhney Named as CEO of India Ratings and Research

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The following statement was released by the rating agency) TOKYO/HONG KONG, April 11 (Fitch) Fitch Ratings-Tokyo-11 April 2017: Fitch Group has announced the appointment of Rohit Sawhney as chief executive officer of India Ratings and Research Private Limited (Ind-Ra), effective immediately. “With his extensive and diversified track record of leadership and experience, I am confident that as our new CEO in India, Rohit will build upon Ind-Ra’s market-leading reputation for quality, insightfulness and excellence,” said Brett Hemsley, Fitch Group’s Head of Asia-Pacific. “Rohit joins a great team at Ind-Ra, at an exciting time in the development of the local capital markets, and I am very much looking forward to working with him.” Prior to joining Ind-Ra, Mr Sawhney had been at Royal Bank of Scotland in various roles, most recently as Managing Director, Head of Global Transaction Services, Asia Pacific. He has also worked at ABN AMRO Bank and ANZ Grindlays Bank. Mr Sawhney holds a B.A. (Honours) Economics and a M.A. Economics from The University of Delhi, India. Ind-Ra is committed to providing India’s credit markets with accurate, timely and prospective credit opinions. Building on a foundation of independent thinking, rigorous analytics, and an open & balanced approach towards credit research, Ind-Ra currently maintains coverage of corporate issuers, financial institutions (which includes banks and insurance companies, finance & leasing companies and managed funds), urban local bodies, structured finance and project finance. Headquartered in Mumbai with six branch offices located at Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad and Kolkata, Ind-Ra is recognised by the Securities and Exchange Board of India, the Reserve Bank of India and National Housing Bank.

Ind-Ra is a 100%-owned subsidiary of the Fitch Group. Contact: Media Relations: Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com. Media Relations: Bindu Menon, Mumbai, Tel: +91 22 4000 1727, Email: bindu.menon@fitchratings.com; Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. Additional information is available at www.fitchratings.com ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY’S PUBLIC WEB SITE AT WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE, AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE CODE OF CONDUCT SECTION OF THIS SITE. DIRECTORS AND SHAREHOLDERS RELEVANT INTERESTS ARE AVAILABLE here. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. Copyright © 2017 by Fitch Ratings, Inc., Fitch Ratings Ltd. and its subsidiaries. 33 Whitehall Street, NY, NY 10004. Telephone: 1-800-753-4824, (212) 908-0500. Fax: (212) 480-4435. Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved.

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Anand Gupta Editor - EQ Int'l Media Network

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