ML Bond Index Adds Fitch Ratings

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Bank of America Merrill Lynch has added credit ratings content from Fitch Ratings to its ML Bond Market index, as an additional factor in the assessment of investment-grade and speculative-grade bonds.

Officials say the move─which incorporates Fitch's data alongside ratings from rival ratings agencies Standard & Poor's and Moody's─reflects the growth and quality of Fitch's ratings coverage as investment firms increasingly look for credit data from all three agencies.

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