Moody’s Expands Global Reach with Strategic Moves
In a series of significant developments, Moody’s Corp, a leading credit rating and research firm, has made substantial strides in recent days. The company is poised to secure a majority equity stake in Middle East Rating & Investors Service (MERIS), a domestic credit rating agency in Egypt. This strategic acquisition is expected to further solidify Moody’s presence in the region, ultimately supporting the growth and development of local capital markets.
This move is part of Moody’s broader efforts to expand its global reach and provide high-quality credit ratings and research to its clients. By establishing a stronger foothold in the Middle East, Moody’s aims to facilitate the growth of local capital markets, fostering a more stable and secure financial environment.
In addition to this acquisition, Moody’s Local Mexico has made notable upgrades to the credit ratings of Pemex’s certificates, assigning them a AAA.mx rating with a stable outlook. Furthermore, the company has assigned AAA.mx ratings to two new emissions, TIPMXCB 25 and TIPMXCB 25-2, sponsored by TIP de Mexico and TIP Auto, respectively.
These developments underscore Moody’s commitment to delivering exceptional credit ratings and research to its clients. By providing accurate and reliable assessments of creditworthiness, Moody’s enables investors to make informed decisions, ultimately driving economic growth and stability.
Key Highlights:
- Moody’s to secure majority equity stake in Middle East Rating & Investors Service (MERIS)
- Acquisition expected to support growth and development of local capital markets in the Middle East
- Moody’s Local Mexico upgrades Pemex’s certificates to AAA.mx with stable outlook
- Assignment of AAA.mx ratings to two new emissions, TIPMXCB 25 and TIPMXCB 25-2, sponsored by TIP de Mexico and TIP Auto