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Moody’s to Buy Minority Stake in Philippine Credit Rating Agency
Source: Bloomberg
M&A & RestructuringCredit & Bond MarketsEmerging Markets
Moody’s Corp. agreed to acquire a minority stake in Philippine Rating Services Corp., expanding its exposure to the Philippines and broader Southeast Asian debt-market growth. The transaction supports Moody’s regional credit-ratings strategy, though no financial terms or expected earnings impact were disclosed.
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