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Investment: Moody's announces the acquisition of 51% of the capital of Global Credit Rating Company

07/02/2022
Categories: Companies

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The WAEMU debt market is strengthening with the international rating agency Moody's which has just announced its entry into the capital of Global Credit Rating Company (GRC).

Moody's intends to expand its footprint in Africa with the acquisition of 51% of the capital of GRC. By taking a majority stake in the African leader in financial rating, Moody's intends to participate in the development of financial markets in Africa and thus demonstrate its interest in this area. It seeks through this strategy to improve its knowledge of local markets but also to better cover its locations. Note that GRC operates across the continent, but especially south of the Sahara, with offices in South Africa, Nigeria, Senegal, Kenya and Mauritius.

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