Fitch names Robert Grossman to lead U.S. public finance

By Jennifer Chiou

New York, March 20 - Fitch Ratings announced that it has assigned group managing director Robert Grossman to lead its efforts in U.S. public finance with a special emphasis on reviewing corporate and public finance rating scales.

According to the agency, in his present role as chief credit officer, Grossman has developed experience with company-wide rating scales, definitions and their usage by investors, regulators and others.

Fitch noted in a news release that he will focus on the possible "harmonization" of corporate and public finance ratings or the recognition of why an independent scale is valuable.

"Asking Bob to devote his full attention to this assignment is an indication of our commitment to find a well thought out resolution to this issue," Stephen W. Joynt, president and chief executive officer of Fitch, said in the release.

The company added that group managing director Mike Belsky will continue to lead Fitch's public finance business development efforts.

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