Announced
Financials
Sources
Tags
Majority
financial services
Friendly
Pending
credit rating institution
Acquisition
Domestic
Mauritius
Financial Data and Systems
Private
Single Bidder
Synopsis
Moody’s, an American business and financial services company, agreed to acquire a 51% stake in GCR Ratings, an operator of a rating agency for financial institutions, insurance, corporate and public sector debt and structured finance. The transaction is expected to close in Q2 2022. Financial terms were not disclosed. GCR’s ratings play a significant role in the growth of Africa’s financial markets by providing critical insights into credit across a range of economies and sectors. By combining GCR’s successful domestic operations with Moody’s global expertise, we have a unique opportunity to expand Moody’s presence in a high-growth region," Rob Fauber, Moody’s President & CEO.
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