Fitch Ratings will consider the possible "harmonization" of the corporate and public finance ratings scales, a review that will now be led by chief risk officer Robert Grossman.

Grossman will lead the company in looking at the potential for bringing the two scales together or finding other solutions, one of which could involve an independent scale, Fitch said in a release. Grossman was chosen because of his broad experience at Fitch with ratings scales of many different types, said Huxley Somerville, a Fitch spokesman.

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