CHICAGO, May 18 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has
announced that it terminated its relationship in Brazil with SR Rating/Duff &
Phelps Credit Rating Prestaao de Servios Ltda (SR/DCR) formerly known as SR
Rating Prestaao de Servios Ltda. (SR RATING).
DCR became a shareholder in SR RATING, which changed its name to SR/DCR,
in 1996 to conduct a domestic credit rating business in Brazil. DCR sold its
interest in SR/DCR to the remaining shareholders, and discontinued its
involvement in the ratings and the research products of SR/DCR, during the
fall of 1999. Since that time, DCR has not been involved with any domestic
rating business in Brazil.
Neither SR/DCR nor SR RATING is authorized to use DCR's name, nor to
purport to act on behalf of DCR in any manner. The formal filing with the
Commercial Registry in Brazil evidencing DCR's withdrawal from the capital of
SR/DCR is currently pending and subject to a judicial decision.
SOURCE Duff & Phelps Credit Rating Co.
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Related links:
http://www.dcrco.com
CONTACT:
William T. Hayes, CFA, 312-368-3142,
hayes@dcrco.com, or Heather Merrigan, 312-368-3114,
merrigan@dcrco.com, both of Duff & Phelps Credit Rating Co.
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