'Moody's fully acquires ICR Chile, solidifying its leading position in key Latin American markets' - GuruFocus

Source - https://www.gurufocus.com/news/2945252/moodys-fully-acquires-icr-chile-solidifying-its-leading-position-in-key-latin-american-markets-mco-stock-news

Moody’s Corporation (MCO, Financial) acquires full ownership of ICR Chile, enhancing its influence in Latin America.The acquisition strengthens Moody's domestic credit rating capabilities in key Latin American markets.ICR will maintain its current rating methodologies and processes post-acquisition.Moody’s Corporation (MCO) announced the full acquisition of ICR Chile, solidifying its presence in Latin America's domestic credit markets. The acquisition completes Moody's initial move in 2019 when it acquired a minority stake in ICR. This strategic move reinforces Moody’s commitment to expanding its services in Latin America's burgeoning debt capital market.ICR will continue operating under its established rating processes and methodologies, ensuring continuity in service provision. However, in the coming months, ICR will be integrated into Moody’s Local, which comprises leading credit rating agencies in the region. This integration is expected to enhance the quality of credit ratings, research, and analytical services offered to market participants in Chile and beyond.Founded in 2005, ICR Chile has built a reputation for providing high-quality analyses across a broad spectrum of sectors, including corporates, financial institutions, insurers, and more. The financial terms of the transaction have not been disclosed, but it is expected that it will not materially impact Moody’s 2025 financial results.Moody's Local, covering 13 domestic financial markets in Latin America, provides extensive credit ratings and research, leveraging methodologies that capture each market's unique risks. This acquisition is a testament to Moody's broader strategy to deepen its footprint in Latin America, contributing to greater transparency and stability within the region's financial ecosystems.