Moody’s to Increase Ownership in MERIS Ratings, Deepening Presence in the Middle East and Africa

NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) announced today that it intends to secure a majority equity stake in Middle East Rating & Investors Service (MERIS – an affiliate of Moody’s), a domestic credit rating agency in Egypt. The transaction extends the long-established partnership between the companies and deepens Moody’s presence in the Middle East and Africa, reaffirming its commitment to contribute to the ongoing development of local capital markets across the globe. “W