Moody’s completed the acquisition of the remaining stake in GCR Ratings.

Moody’s, an American business and financial services company, completed the acquisition of the remaining stake in GCR Ratings, an operator of a rating agency for financial institutions, insurance, corporate and public sector debt and structured finance. Financial terms were not disclosed. “The full acquisition of GCR by Moody’s is an important milestone that will enable us to build on our deep local market insights and over a quarter century of growth across the African continent. It will also provide the opportunity to further develop solutions that meet a range of customer needs, including credit ratings, credit risk solutions, and ESG capabilities,” Marc Joffe, GCR Chief Executive.