Moody's Increases MERIS Stake to Expand in the Middle East & Africa

Key Takeaways Moody's plans majority stake in MERIS, Egypt's domestic credit rating agency, founded in 2003.The deal will expand Moody's Middle East and Africa presence, pending regulatory approvals.MERIS will remain independent, keeping its own ratings, methods and management team.Moody’s Corp. (MCO) announced that it plans to secure a majority equity ownership in Middle East Rating & Investors Service (MERIS), an affiliate of Moody’s and a domestic credit rating agency in Egypt. The terms of the deal rema ...