Moody’s Completes Acquisition of Cortera

Rhea-AI Summary

Moody’s Corporation (NYSE:MCO) has successfully completed its acquisition of Cortera, announced on February 10, 2021. This move enhances Moody’s risk assessment capabilities, significantly expanding its small and medium enterprise segment coverage. Cortera will bolster Moody’s Orbis database and improve its know-your-customer, commercial lending, and supply chain solutions.

Positive

• Acquisition enhances risk assessment capabilities.
• Expands coverage in the small and medium enterprise segment.
• Augments Orbis database, improving analytical solutions.

Negative

• None.

Moody’s Corporation (NYSE:MCO) announced today that it has completed its acquisition of Cortera, which was announced on February 10, 2021. Cortera is a leading provider of North American credit data and workflow solutions.

The acquisition enhances Moody’s integrated risk assessment capabilities and significantly extends its coverage in the small and medium enterprise segment. Cortera augments Moody’s extensive Orbis database of private company information and enhances its know-your-customer, commercial lending, and supply chain solutions.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,400 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210319005494/en/

FAQ

What is the significance of Moody’s acquisition of Cortera?

The acquisition enhances risk assessment capabilities and extends coverage in the small and medium enterprise segment for Moody's.

When was the acquisition of Cortera by Moody's announced?

The acquisition was announced on February 10, 2021.

How does Cortera contribute to Moody's services?

Cortera enhances Moody's Orbis database and improves know-your-customer, commercial lending, and supply chain solutions.

What is the stock symbol for Moody's Corporation?

Moody's Corporation trades under the stock symbol MCO.