I have found Frank E. Hamelly's answer is the most suitable answer for this question. In question objective is not to change report name and there is no use to change report name as it's the hidden one and not expose to gp end users, so definitely they want to change the format names just to distinguish report formats by company or user. Definitely if they want different format names then there must be some differences in the report format too which they want their user to select when printing. So dexterity is the only tool, by using which this could be done.
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