Moody’s Corporation announced the creation of a new analytical franchise within Moody’s Investors Service (MIS), the rating agency, that will focus on delivering strategic insights into the rapidly expanding private credit sector. Ana Arsov has been named Global Head of Private Credit, and will lead coordination of relevant research and rating initiatives across MIS. Arsov…
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with operations spanning the continent, including in South Africa, Nigeria, Senegal, Kenya, and Mauritius. “GCR’s ratings play a significant role in the growth of Africa’s financial…
OYO, has announced that it has raised a TLB funding of $660 million from global institutional investors. The offer was oversubscribed by 1.7 times and the company received commitments of close to $1 bn from institutional investors. The company will utilize these funds to retire its past debts, strengthen the balance sheet and other business…
Moody’s Corporation announced that it has entered into a definitive agreement to acquire Cortera, a leading provider of North American credit data and workflow solutions. The acquisition enhances Moody’s integrated risk assessment capabilities and significantly extends coverage in the small and medium enterprise (SME) segment, the statement said. “Cortera plays an important role in helping…
Moody’s Corporation announced that it has agreed to acquire Regulatory DataCorp (RDC), a provider of anti-money laundering (AML) and know-your-customer (KYC) data and due diligence services, for $700 million. The deal complements Moody’s 2017 acquisition of company data provider Bureau van Dijk (BvD), creating a global leader in compliance solutions, BvD’s fastest-growing business segment. The…