Moody's to acquire majority stake in gcr ratings, expanding presence in africa

New york--(business wire)--moody's corporation (nyse: mco) announced today that it has agreed to acquire a majority (51%) stake in global credit rating company limited (gcr). gcr 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,” s
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