Moody’s completed the acquisition of a 51% stake in GCR Ratings.

Moody’s, an American business and financial services company, completed the acquisition of 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.