Moody’s Corporation on Thursday announced that it had agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). Global Credit Rating 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 markets by providing critical insights into credit across a range of economies and sectors,” said Rob Fauber, President & Chief Executive Officer of Moody’s. “By combining GCR’s successful domestic operations with our global expertise, we have a unique opportunity to expand Moody’s presence in a high-growth region.”
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