Fitch Investors Service LP said Thursday that it would sell to IBCA Ltd. of London for $175 million in cash.

The New York-based company, which had carved a niche rating public finance issues and asset-backed securities, plans to merge with Europe's leading agency for bank and sovereign ratings.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.