Moody’s to acquire ABS Suite Business of Deloitte.

Moody’s Corporation, an American business and financial services company, agreed to acquire ABS Suite Business, software platform used by issuers and trustees for the administration of asset-backed and mortgage-backed securities programs, from Deloitte, a multinational professional services network. Financial terms were not disclosed. “The acquisition of ABS Suite deepens Moody’s Analytics’ presence with issuers of securitized transactions. Adding the expertise and experience of the ABS Suite team to our already formidable capabilities enables us to provide more and better solutions that improve funding decisions, increase operational efficiency and promote transparency and efficiency in the securitization financial markets.” Mark Almeida, President of Moody’s Analytics.