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

1. Moody's fully acquired ICR Chile, boosting its Latin American credit market presence. 2. ICR will maintain its rating processes post-acquisition, ensuring operational continuity.

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$48906/25 09:19 AM EDTEvent Start
$482.8106/26 03:56 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition enhances MCO's strategic positioning and revenue opportunities in Latin America, similar to past acquisitions that improved market share.

How important is it?

The acquisition strengthens MCO's competitive edge, likely influencing investor perception positively.

Why Long Term?

Ongoing market expansion in Latin America will yield growth benefits over time, as seen with integrations from previous acquisitions.

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NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) announced today that it has fully acquired ICR Chile (ICR), a leading provider of domestic credit ratings in Chile. The transaction follows Moody's 2019 acquisition of a minority stake in ICR and will further strengthen its presence in Latin America's domestic credit markets. Following the transaction, ICR will continue issuing domestic ratings in Chile under its own rating process and methodologies. In the following months, ICR will be.

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