Moody’s Corporation to acquire a majority stake in MERIS.

Moody’s Corporation, an American business and financial services company, agreed to acquire a majority stake in MERIS, a credit rating agency. Financial terms are not disclosed. “Today marks an important milestone in MERIS’s history. By deepening our association with Moody’s global network and leveraging its expertise alongside our established local presence, we can further enhance our offerings and contribute to the continued growth and development of Egypt’s financial markets,” Amr Hassanein, MERIS Managing Director and Founder.