Moody’s to acquire SCRiesgo, terms undisclosed

Moody’s announced that it has agreed to acquire SCRiesgo, a group of local credit rating agencies serving domestic financial markets in Central America and the Dominican Republic. The acquisition significantly expands Moody’s presence in Latin America and reaffirms its commitment to and support for the ongoing development of regional capital markets. Following the acquisition, SCRiesgo will become an affiliate of Moody’s Local, Moody’s domestic credit ratings platform, with SCRiesgo continuing to issue domestic ratings with an independent analytical and rating committee process. SCRiesgo General Manager Gary Barquero will continue to lead the company’s operations following the acquisition.