In 2017 CRISIL completed 30 illustrious years of providing independent opinionsactionable insights and efficient solutions in tune with its mission of making marketsfunction better. Come to think of it CRISIL is just as young as the majority of India istoday and steadfastly committed to its mission. It's a matter of pride for me to beassociated with this great legacy.
In the markets we operate the pace of change has been unprecedented. Evolving customerneeds and rapid technological advances in a fast-globalising world necessitate a nimbleapproach and discipline to excel.
To this end we broke new ground on many fronts in 2017 with initiatives that fosteragility and innovation. Among others we launched Expected Loss Ratings and independentcredit evaluation for stressed assets; Quantix a cross-sector analytics tool that enableshigh-quality decision making; InfraInvex a first-of-its-kind investability index for theinfrastructure sector; and SMART a unique financial research platform for global banksthat uses cognitive automation to enable faster decision-making. These steps offercompelling and distinctive value across facets of our work and set the platform for ourfuture growth.
Meanwhile CRISIL continued to enhance its leadership position across businesses. Itsustained the progress on enhancing market share deepening relationships tapping newerclient segments and leveraging the needs of the emerging global regulatory landscape.Also collaboration between S&P Global and CRISIL strengthened and several jointfranchise events were hosted across Asia and Europe.
Given the commitment to growth and investments for future CRISIL is ready to cater totomorrow's markets and serve evolving customer needs through cutting-edge solutions.
I take the opportunity to thank CRISIL's employees for their many valuablecontributions.
Thank you for your support and I look forward to our exciting journey ahead.
John L. Berisford