Moody's Fully Acquires Credit Rating Agency GCR Ratings, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Moody's Corporation (NYSE:MCO) has fully acquired Global Credit Rating Company Limited (GCR), expanding its investment in Africa's domestic credit markets. The financial terms were not disclosed, and the acquisition will not materially impact Moody's 2024 financial results.
July 08, 2024 | 12:06 pm
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Moody's Corporation has fully acquired GCR Ratings, enhancing its presence in Africa's domestic credit markets. The acquisition will not materially impact Moody's 2024 financial results.
The acquisition of GCR Ratings by Moody's expands its reach in Africa's growing credit markets, which could enhance its long-term growth prospects. However, the immediate financial impact is minimal as it will not materially affect 2024 results.
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