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Can MCO's PhilRatings Investment Bolster Its Asia-Pacific Presence?
Source: zacks.com
Credit & Bond MarketsM&A & RestructuringEmerging Markets
Moody's has acquired a minority stake in Philippine credit-rating agency PhilRatings, expanding its local debt-market capabilities and Asia-Pacific affiliate network. The investment strengthens Moody's presence in the Philippine credit-ratings market, though no transaction value or financial terms were disclosed.
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