Moody’s Fully Acquires GCR Ratings, Deepening Presence in Africa’s Domestic Credit Markets
2024年7月8日 - 9:00PM
ビジネスワイヤ(英語)
Moody’s Corporation (NYSE:MCO) announced today that it has fully
acquired Global Credit Rating Company Limited (GCR), a leading
domestic credit rating agency with operations spanning Africa. The
announcement follows Moody’s 2022 acquisition of a majority stake
in GCR, and expands Moody’s investment in Africa’s domestic credit
markets.
“GCR provides investors with crucial insights and clarity into
Africa’s fast-growing domestic credit markets, which play an
important role in economic development throughout the continent,”
said Rob Fauber, President and Chief Executive Officer of Moody’s.
“Moody’s is excited to deepen our domestic ratings presence in
Africa through a trusted name in GCR.”
“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,” said Marc Joffe, Chief Executive of GCR. “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.”
GCR rates financial institutions, corporates, public sector
issuers, and structured transactions across Africa, and maintains
offices in South Africa, Nigeria, Senegal, Kenya, and Mauritius. It
will continue to operate as an affiliate of Moody’s – developing
its own rating methodologies, issuing its own credit ratings, and
maintaining a separate management team.
The terms of the transaction were not disclosed, and it will not
have a material impact on Moody’s 2024 financial results.
About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody’s
(NYSE: MCO) data, insights, and innovative technologies help
customers develop a holistic view of their world and unlock
opportunities. With a rich history of experience in global markets
and a diverse workforce of approximately 15,000 across more than 40
countries, Moody’s gives customers the comprehensive perspective
needed to act with confidence and thrive. Learn more at
moodys.com.
“Safe Harbor” statement under the Private Securities
Litigation Reform Act of 1995
Certain statements contained in this document are
forward-looking statements and are based on future expectations,
plans and prospects for Moody’s business and operations that
involve a number of risks and uncertainties. Such statements
involve estimates, projections, goals, forecasts, assumptions and
uncertainties that could cause actual results or outcomes to differ
materially from those contemplated, expressed, projected,
anticipated or implied in the forward-looking statements.
Stockholders and investors are cautioned not to place undue
reliance on these forward-looking statements. The forward-looking
statements and other information in this document are made as of
the date hereof, and Moody’s undertakes no obligation (nor does it
intend) to publicly supplement, update or revise such statements on
a going-forward basis, whether as a result of subsequent
developments, changed expectations or otherwise, except as required
by applicable law or regulation. In connection with the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, Moody’s is identifying certain factors that could cause
actual results to differ, perhaps materially, from those indicated
by these forward-looking statements. These factors, risks and
uncertainties include, but are not limited to: the impact of
general economic conditions (including significant government debt
and deficit levels, and inflation and related monetary policy
actions by governments in response to inflation) on worldwide
credit markets and on economic activity, including on the volume of
mergers and acquisitions, and their effects on the volume of debt
and other securities issued in domestic and/or global capital
markets; the uncertain effectiveness and possible collateral
consequences of U.S. and foreign government initiatives and
monetary policy to respond to the current economic climate,
including instability of financial institutions, credit quality
concerns, and other potential impacts of volatility in financial
and credit markets; the global impacts of the Russia - Ukraine
military conflict and the military conflict in Israel and the
surrounding areas on volatility in world financial markets, on
general economic conditions and GDP in the U.S. and worldwide, on
global relations and on the Company's own operations and personnel;
other matters that could affect the volume of debt and other
securities issued in domestic and/or global capital markets,
including regulation, increased utilization of technologies that
have the potential to intensify competition and accelerate
disruption and disintermediation in the financial services
industry, as well as the number of issuances of securities without
ratings or securities which are rated or evaluated by
non-traditional parties; the level of merger and acquisition
activity in the U.S. and abroad; the uncertain effectiveness and
possible collateral consequences of U.S. and foreign government
actions affecting credit markets, international trade and economic
policy, including those related to tariffs, tax agreements and
trade barriers; the impact of MIS’s withdrawal of its credit
ratings on countries or entities within countries and of Moody’s no
longer conducting commercial operations in countries where
political instability warrants such actions; concerns in the
marketplace affecting our credibility or otherwise affecting market
perceptions of the integrity or utility of independent credit
agency ratings; the introduction or development of competing and/or
emerging technologies and products; pricing pressure from
competitors and/or customers; the level of success of new product
development and global expansion; the impact of regulation as an
NRSRO, the potential for new U.S., state and local legislation and
regulations; the potential for increased competition and regulation
in the jurisdictions in which we operate, including the EU;
exposure to litigation related to our rating opinions, as well as
any other litigation, government and regulatory proceedings,
investigations and inquiries to which Moody’s may be subject from
time to time; provisions in U.S. legislation modifying the pleading
standards and EU regulations modifying the liability standards
applicable to credit rating agencies in a manner adverse to credit
rating agencies; provisions of EU regulations imposing additional
procedural and substantive requirements on the pricing of services
and the expansion of supervisory remit to include non-EU ratings
used for regulatory purposes; uncertainty regarding the future
relationship between the U.S. and China; the possible loss of key
employees and the impact of the global labor environment; failures
or malfunctions of our operations and infrastructure; any
vulnerabilities to cyber threats or other cybersecurity concerns;
the timing and effectiveness of our restructuring programs, such as
the 2022 - 2023 Geolocation Restructuring Program; currency and
foreign exchange volatility; the outcome of any review by tax
authorities of Moody’s global tax planning initiatives; exposure to
potential criminal sanctions or civil remedies if Moody’s fails to
comply with foreign and U.S. laws and regulations that are
applicable in the jurisdictions in which Moody’s operates,
including data protection and privacy laws, sanctions laws,
anti-corruption laws, and local laws prohibiting corrupt payments
to government officials; the impact of mergers, acquisitions, such
as our acquisition of RMS, or other business combinations and the
ability of Moody’s to successfully integrate acquired businesses;
the level of future cash flows; the levels of capital investments;
and a decline in the demand for credit risk management tools by
financial institutions. These factors, risks and uncertainties as
well as other risks and uncertainties that could cause Moody’s
actual results to differ materially from those contemplated,
expressed, projected, anticipated or implied in the forward-looking
statements are described in greater detail under “Risk Factors” in
Part I, Item 1A of Moody’s annual report on Form 10-K for the year
ended December 31, 2023, and in other filings made by the Company
from time to time with the SEC or in materials incorporated herein
or therein. Stockholders and investors are cautioned that the
occurrence of any of these factors, risks and uncertainties may
cause the Company’s actual results to differ materially from those
contemplated, expressed, projected, anticipated or implied in the
forward-looking statements, which could have a material and adverse
effect on the Company’s business, results of operations and
financial condition. New factors may emerge from time to time, and
it is not possible for the Company to predict new factors, nor can
the Company assess the potential effect of any new factors on it.
Forward-looking and other statements in this document may also
address our corporate responsibility progress, plans, and goals
(including sustainability and environmental matters), and the
inclusion of such statements is not an indication that these
contents are necessarily material to investors or required to be
disclosed in the Company’s filings with the Securities and Exchange
Commission. In addition, historical, current, and forward-looking
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240708748681/en/
For Moody’s Investor Relations: Shivani Kak Moody’s Corporation
+1 212-553-0298 Shivani.Kak@moodys.com
For Moody’s Communications: Joe Mielenhausen Moody’s Corporation
+1 212-553-1461
Moodys (NYSE:MCO)
過去 株価チャート
から 7 2024 まで 8 2024
Moodys (NYSE:MCO)
過去 株価チャート
から 8 2023 まで 8 2024